Jongie, 43 years old, is married and has four children. Jongie sells fruits and vegetables in the market to increase his income. Jongie is willing to work hard to uplift his family from poverty. He wants to expand his business and he would like to make his business more profitable.
For this reason, he is now asking for a loan of PHP 50,000 to buy cabbages, eggplants, tomatoes and onions to resell for a profit. This will help improve his income. In the future, Jongie would like to keep growing as an entrepreneur and give the best education to his children.
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.