George is 33 years old, married and has three children. To generate income, he is providing a motorcycle transport service to the people in his village. From this business, he is able to gain PHP 300 each day. He is not contented with his income because the cost of living today is expensive. All his children are attending school too. He is now borrowing a loan of PHP 20,000 to buy tires, gasoline and crude oil used in the transport business. This will maintain the smooth flow of his operation.
With a good income from the business, he will give the best education to his children and someday lead them to income stability.
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.