Ismael V. lives in the small village of Barangay Anquiray Amulung, Cagayan where farming is the major source of income. He is 22 years old and single, so he lives with his immediate family. He is a college student taking a Computer Science Course at the private school in Tuguegarao.
Ismael wants to help his parents provide his daily allowance, so he has started a business selling kitchen utensils to his neighbors and friends.
His loan request of PHP14,000 will be used to purchase additional merchandise to sell to expand his business. Through this, he expects that his sales and his income will increase. He hopes that his business will grow so he can continue to help his parents financially by providing his own daily school allowance. He dreams of finishing his studies and becoming successful in his career in order to help his parents improve their house and their living conditions.
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.