Charlie, 44 years old, is married and has six children. He provides motorcycle transport services to local community members. Charlie has been engaged in his business for more than two years and earns approximately 300 PHP daily. Charlie is requesting a loan of 15,000 PHP, which he will use to purchase equipment such as wheels, paint, oil and gas to improve his business. He plans to use the additional revenue generated from the loan to improve his family's general 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.