Francisco is a small entrepreneur who sells rice grain, livestock feeds and charcoal to the people in her village. He did not have a stall to stock his products so he sells on a house-to-house basis. He has been patiently doing this for almost five years. He would like to improve and diversify his business, so he is now asking for additional capital of PHP 20,000 to buy charcoal, rice grain, and livestock feed to sell. He would like to make his business more profitable so that he can provide enough sustenance for his family, especially for future expenses in the college education of his only child.
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.