Benigno is now 29 years old. He is single and lives with his parents in Bayo Iguig. He did not finish his college education so he only provides motorcycle transport services in their village as the source of his income. His parents work as farmers. From his business, Benigno provides daily meals for the family. The other part of his daily profit is saved for emergency purposes.
Benigno would like to strenghten his business, so he is now asking for a loan of PHP 17,000 to buy new pairs of tires, oil and gasoline for his motorcycle. He promises to pay it back on time. Someday, with good profits and enough funds, he will establish a small piggery business and keep growing as an entrepreneur.
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.