Jimmy offers a variety of merchandise, such as raw meat, different kinds of vegetables and other basic commodities. He has run this type of business for more than 10 years. Jimmy admits that having this kind of business is quite difficult to handle due to the number of competitors and factors that affect his marketing strategies. But Jimmy doesn't stop hoping and believing that everything will get better.
Jimmy is married and has five children. His eldest child has just finished school, while the other four are still studying. Jimmy aims to educate all his children and give them comfortable living conditions someday. So he works hard to obtain his goal.
He needs greater capital because it's harvest season, so he has requested a loan of 15,000 PHP, which will allow him to buy necessary merchandise that will increase his sales and profits. He knows that this loan will help him provide quality service to his customers. It will also encourage more customers to buy the merchandise he offers. In this way, he can let his children finish their studies and give them comfortable 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.