Sonny is 41 years old, married, and has two children. His eldest son is a high-school student, and his youngest is still an infant. He really appreciates his wife's efforts in order to earn a living.
Sonny has a restaurant business. His restaurant location is in the public market of Santiago. According to him, their main source of income comes primarily from their restaurant. Sonny needs to double his patience in running his business in order to obtain greater profit for his family's needs. His income goes to their daily expenses, allowance for his child, the basic needs of his infant, and rent for the restaurant. So his income is no longer enough to buy ingredients, raw pork, vegetables, and fish. For this reason, he is asking for a loan amounting to 20,000 Philippine pesos. He hopes that his requested loan amount will be granted so that he can improve his restaurant and satisfy his customers' demand. In this way, he could encourage more customers to eat in his restaurant, and, most of all, he could obtain more profits to save for his children's education.
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.