Remelito is a responsible son to his parents. At age 34, Remelito is still single. Thus, he devotes himself full-time to his sari-sari store business. He has been in his business for three years and earns about 300 Philippines pesos (PHP) a day. Now, he is requesting a loan amounting to 14,000 PHP to purchase grocery items such as canned goods, noodles, curls, and daily use products to sell. He hopes that he can get the amount he requested to further develop 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.