Santiago is a 39-year-old married man with two children. He provides motorcycle transport services as a business. Income from it serves as the family's sustenance for meals and school expenses. He hopes to give the best education for his children.
This time, he has insufficient funds to maintain his motorcycle so he is asking for a loan of P9,000 to buy tires, gasoline, and crude oil for the motorcycle.
Someday, Santiago hopes to keep ensuring safe travel for all his passengers. This way, it will also help increase his income for the overall welfare of the family.
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.