Jose is 55 years old, married and has four children. Aside from being a farmer, he also manages a small furniture-making business. He makes cabinets, tables and chairs. From his business, he is able to generate income for his family but it is just enough for their sustenance. He aims to improve it and save funds for future expenses of the family. He is now asking for a loan of P7,000 to buy wood, varnish and sand paper for use in his furniture-making business. This will help improve his output and he may be able to offer the furniture at a higher cost.
Someday, Jose hopes to achieve continuous income and give a better way of life to 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.