Malvar is an honest and a responsible man. He spends most of his time providing good customer service in his general store. He sells canned goods, breads, soap, shampoo and toothpaste to the people in his village. He also sells medicines. He had been operating his general store for almost 10 years.
Malvar is 45 years old and has two grown-up children.
Malvar is asking for a loan of P50,000 to buy soft drinks, milk, sugar and medicines to sell in his store. He needs additional items to sell in order to boost his profits.
He wants to keep making better sales and continue growing as an entrepreneur. In the future, he would like to achieve financial stability.
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.