Jose is a single man, aged 49, who operates a small junkshop. He has bought and resold junk for almost nine years now. He finished only high school and has a disability in his left arm, which is why he finds it hard to find better employment and pursues this kind of business. His income provides his family's sustenance for meals and basic kitchen needs.
He is now asking for a loan of 8,000 PHP to buy more plastics, empty cans and bottles to resell for profits. Someday, with enough funds, he hopes to start up a small store for additional income and to expand his 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.