Reynaldo is a 44 years old married man living in the village of Rizal West, San Isidro. He is thankful because his only child has his own family already. Reynaldo would like to change his old sprocket and other motorcycle parts but due to insufficient funds he needs financial assistance, which is why he is asking for a loan of PHP 5,000.
According to him, he is able to earn about PHP 3,000 per month as motorcycle operator. Reynaldo has been in the business of transportation for 14 years. He hopes that the requested loan can help him maintain his business.
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.