Benjamin is married and 63 years old. He has a service shop where he repairs shoes and bags. Benjamin has had this business for seven years. Benjamin is requesting a loan of 50,000 PHP to buy materials used in making bags and shoes, such as leather, shoe nails, etc. Each month, Benjamin earns about 5,000 PHP doing this work. In the future, Benjamin hopes that his business will become more progressive to sustain the needs of his family.
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.