As a way of gaining income, John Michael engages in buying and selling of fruits and vegetables. He is 27 years old, married and has one infant child. Being a responsible father, he aimed to become financially stable so that he will provide his family's needs and give them a better life. He planned to improve and strengthen the business to make it a more viable and profitable source of income. To improve the business, John Michael is asking for additional capital of 30,000 PHP to buy pineapples, guyabano, bananas, papaya, pomelo, rattan fruits, cabbages, beans, carrots, soft brooms and charcoal for sale. He believes that this financial assistance will make it possible to improve the business and is hoping that someday, he will make the business grow and achieve his goals in life.
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.