Abdulmoin has been managing his clothing business for nine years. He is glad because he is able to earn P6,000 a month. He utilizes his profits for his children's allowances, tuition fees and daily needs. He is hard working person and industrious man.
Abdulmoin is 53 years old, married with five children. One of them is already married, two are still studying and the remaining two are working abroad. His family members help each other to improve their living condition. Abdulmoin would like to help his two children to finish their studies so that they can find better opportunities someday. He would like to ask for a loan P50,000 to improve and buy additional stocks of clothing for his retail business. He is hoping that his business will continually grow so that his income will continue to grow and provide for his family's living expenses.
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.