To make a living, Roland has operated his general store for more than one year. He earns a net profit of approximately 6,000 PHP monthly in this business. His profit is being rolled into revolving capital to maintain the business. Roland is 36 years old, and is married and has two children. To expand his retail operation, he is taking out this loan of PHP 20,000 to buy additional stock such as canned goods, groceries, noodles, shampoo, and spices to sell. Roland hopes to further grow his general store and to increase his income, which will secure his family's future and the education of his children.
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.