Joel is 25 years old, married to a housekeeper, and has one child. To sustain his family, he provides motorcycle transport services. He usually earns P200 each day in this business. He is asking for P7,000 to buy tires, crude oil, and gasoline to maintain his motorcycle. He would like to ensure safe travel for all his passengers and thus increase his profit. This will allow him to provide a good education to his child, the only legacy he can pass on.
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.