Michael, 38 years old, is married and lives in a remote area of Maluno Sur. For five years, he has been managing his store. His monthly income is 5,000 Philippines pesos (Php) and that is not enough to sustain the needs of his family.
Michael is asking for a loan of Php 20,000 to buy different products. In the future, Michael hopes that his business expands so that he can give a high quality of living to 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.