Each day, Abdulmoin spends his time running his clothing business. He started this field of business in 1981. He is grateful because he is able to earn approximately PHP6,000 a month. The profits gained from his business support his family's daily household expenses and school fees and allowances for his two children who go to school.
Abdulmoin is married and blessed with five children. His greatest dream is to gain enough income to be able to support his two children in their studies. He knows that he could make all this possible through his dedication, enough capital and wise management of the business. Abdulmoin would like to buy stocks of clothing such as blouses, jogging pants, shorts, malong (a tube skirt) and formal attire, but his capital is not sufficient. So he is asking for financial support in the amount of PHP50,000. He believes that through this loan, he could further expand his business which will enable him to give his children a better way of living and to educate the two who are students.
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.