At his age of 60, Francisco is still generating income for his family. He had six children but lives separately from them. He doesn't want to rely on his children's remittances so Francisco involved himself in selling plastic items. He offered his products on a house to house basis. Francisco's monthly net income was about P5,000.
He is availing for a loan of P6,000 to buy more basins, kettles and dish cabinets to sell. This will help increase his profits and ability to save funds to use when emergencies arise.
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.