“Managing the business wisely is very important to every entrepreneur,” said Silvinio D. C.. For twenty years now, he has been a caterer and at the same time has managed a gown-for-rent business in the simple town of Ramon, Isabela. He did not finish his studies but really works hard to succeed in his own way.
Up to now, Silvinio has been able to expand his business in Cauayan City and is looking forward to further expansion and business development. According to him, managing the business gives him joy in life thus he really wants to make his business successful by giving to it his full effort and sacrifice.
His need of financial capital encouraged Silvinio to borrow PHP 40,000 that will serve as his additional capital for his growing business. He hopes that Kiva lenders will give him the opportunity to further improve his business and at the same time help others by providing them with a job.
Silvinio is glad that he is able to serve and help other people through his business. He is still single thus he spends his income by helping the education of his siblings and by providing for the needs of his parents.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.