Ferival is from the village of Villaluz. He is 25 years old. Ferival is married. To make a living, Ferival owns and operates a transportation business. The main source of income for the business comes from providing motorcycle transport to local members of the community. Ferival has been engaged in his business for over three years and earns approximately 3,500 PHP a month for these activities. Ferival is requesting a loan of 20,000 PHP which will be used to maintain a transport vehicle used in the business.
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.