Domingo is 36 years old, has one child and operates a small store selling grocery items together with his wife. From the family's business, he earns about PHP 7,000 each month. It goes towards their meals, allowances and bills at home. He hopes to increase his merchandise so he will gain more income from the store. His main concern is to generate good income and likewise gain more friends and customers too. Someday, it will help him achieve a progressive life for his 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.