Albert is patiently selling fruit to people in the public market. He is married to Gina, a mother, who helps him to manages their business. Together, they are raising their children. The couple wants to provide a good education for their children, so they have been running this business for almost six years now and earn about PHP 4,000 monthly.
This time, Albert is borrowing a loan of PHP 20,000 to buy citrus fruits and mangoes to sell. Albert would like to increase his sales. The couple is working toward the diversification of their business and with the aim of keeping on providing better service to their customers.
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.