Joseph is a business-minded man who dreams of expanding his business. He is engaged in the business of selling dry goods such as bags, different kinds of clothing, toys and accessories for ladies.
Joseph is a young entrepreneur, married and having one child. His main priority is to educate his only child and uplift their lifestyle out of poverty. Due to the insufficient capital he has, Joseph is asking for a loan of P40,000. This loan amount will be used to purchase stocks of dry goods such as bags, RTW's, plastic toys for kids and different kinds of accessories for women. Joseph hopes that his loan will provide him greater profits in order for him to succeed and will enable him to educate his only child.
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.