Alfonso is a hardworking father who lives at Furagui with his wife and three children.
He has been providing a transport service for three years now. He is borrowing a loan of PHP 8,000 to maintain his business. He would like to keep providing safe travel so he can save income for his children's education. From his loan, he will buy gasoline and crude oil used in his transportation business.
Someday, Alfonso hopes to save enough to buy hogs to raise that would increase their income. It will help alleviate his family from their poor living conditions.
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.