Dionicio is 38 years old and is married to Violeta, the couple is thankful because they had been blessed with one child. Dionicio had been operating a motorcycle transport service in his village for five years.
A profit generated from his business is just enough to cover their everyday expenditures for food and the monthly electric bill. He is facing financial difficulties at this moment so he needs additional capital. For this reason, he is now asking for a loan of PHP 6,000 to buy gasoline and for the maintenance of the motorcycle.
In the future, he wants to improve his services and acquire a good income to continuously operate the smooth flow of his operation.
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.