Danilo is 41 years old and married. He has a retail shop where he sells different goods such as sugar, cooking ingredients, canned goods, soft drinks, milk, shampoo, detergent soap, bar soap, oils, baked breads and other kinds of goods needed in his daily activities. Danilo has had this business for two years and he is grateful because of the improvement he noticed from his business alone. Aside from his general store, he also manages his van for hire. The couple has been blessed with two children and they are generally school-aged. So, Danilo is working hard to sustain the needs of his family and business. Due to the high cost of basic commodities, he would like to have his stocks at his store so that his customers will not always go to market to buy their basic needs. With his goal to buy more stocks of groceries, he is encouraged to take a loan from the microfinance institution.
Danilo is requesting a loan of PHP 50,000 to buy additional groceries such as sugar, oil, biscuits, soft drinks, baked breads and instant noodles; some of the loan will be used to maintain the van. Each month, Danilo earns about PHP 20,000 from his businesses.
In the future,Danilo hopes to expand his store through selling additional groceries needed within the village. He hopes that he will be able to avail his requested loan and fulfill his goals in life.
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.