Randy is 27 years old, married, and has two young children. He provides motorcycle transport services while his wife cares for their children. His daily income is about 300 PHP, and goes toward the family's food and milk. He would like to keep offering services to the people in his village, which is why he is asking for 6,000 PHP in additional revolving capital. He will use the loan to buy oil and gasoline needed in his motorcycle transport businesss. This will help maintain the smooth flow of his operation. Randy's hope is to ensure safe travel to all his pasenggers, and for safety in his own life as well.
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.