Ernesto is 59 years old. He is married and has one child. Ernesto is engaged in a direct selling business. He has been in his business for ten years. He usually sells clothes and shoes in his village. Right now, Ernesto wants a loan of P40,000 to buy new items, such as clothes and shoes, to sell in the village. 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.