Avelino is a public servant. He is a Barangay official (smallest unit of town) at Capatan. Aside from being an official, he runs a store with his wife as his partner. They have been operating their store for almost five years. They usually earn about PHP 3,000 each month. The couple has three children who attend school.
Avelino is now asking for a loan of PHP 25,000 to buy more grocery items, such as noodles, detergent, soap, eggs and breads to sell.
Someday, Avelino would like to earn consistent profits from the business and continuously extend good public service to the locals.
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.