The will to uplift the lives of the poor in Region IX by providing financial services in a sustainable manner prompted Kasanyangan Foundation, Inc. (KFI) to implement Microfinance Program following a modified Group Liability Banking System or Grameen Banking Approach (GBA). It was conceptualized by Mr. Rodolfo T. Quinday Sr., the founding General Manager after attending the Savings and Credit Training at the Center for Agriculture and Rural Development (CARD) in Tranca Bay, Laguna in August, 2001. The program started its operation on October of the same year with two hundred twenty five (225) members in West Coast Area of Zamboanga City.
The program expanded on April 16, 2002 to other areas such as Isabela, Basilan; Jolo, Sulu; Bongao, Tawi-Tawi; Tungawan, Zamboanga Sibugay; Molave, Zamboanga del Sur and Siocon, Zamboanga del Norte.
Then on December 1, 2005, the program had spin-off from its mother institution - the Kasanyangan Foundation, Inc. (KFI) and was duly registered with the Securities and Exchange Commission (SEC) as KFI Center for Community Development Foundation, Inc. (KCCDFI) under Registration No. CN200530521.
After more than three (3) years of operation using the modified Grameen Approach, it was noted that the system was not fitted for expansion because members are resigning due to “tapal’’ system (group liability). On the other hand, Association for Social Advancement (ASA) is an individual liability where “tapal” system is not allowed. Moreover, ASA is cost effective due to its standardized operation. Hence, management decided to adopt the latter methodology.