Gerardo is 53 years old and is married to Leticia. Aside from his farm production, Gerardo is engaged in his sari-sari store (variety store) in the village of Maligaya. He has been running his business for seven years. He wants to expand and re-stock his sari-sari store, but he lacks the necessary capital. In this regard, Gerardo is asking for a loan in the amount of PHP 35,000 to buy canned goods, noodles, assorted bread, candies and daily use products to sell. Gerardo hopes to continue to access loans and achieve his dream for his children through patience and hard work.
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.