Deogracias is 30 years old, married and a vendor living at Capatan. With his spouse, he sells fruits, vegetables and grocery items to the people in their village. They have been in this business for almost four years and usually generate PHP 3,000 each month.
As of now, Deogracias has insufficient funds and that is why he is asking for the loan of PHP 30,000 to increase the inventory of mechandise he is offering. He will buy onions, cabbages, canned goods, soft drinks and breads to sell.
Deogracias and his wife don't have any children yet, but pray to have one in the future. He is also praying for good health and a good relationship towards his neighborhood.
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.