Arturo is 55 years old and lives in Rizal. He has two children, Aldritz and Bernadette. Arturo works as a tricycle driver in their village. He gives at least 200 PHP per day to the tricycle owner as his boundary, and the rest of his income is for his family. Aside from working as a tricycle driver, Arturo is also busy on his farm where he plants and sells vegetables for extra income.
He wants to borrow a loan of 26,000 PHP that he will use for cultivating his vegetables. He is hoping that through his business he can provide a better life for his family, and hopefully he can have his own motorcycle in the future.
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.