Leonard is 32 years old, married, and has one infant-aged child. He aims to uplift their status of living so that he can give his family a better life. The main source of their living is through farming, but aside from it, he also engages in buying and selling charcoal within their community to generate additional income. He aims to strengthen this business and make it profitable, but due to insufficient capital, he is asking for an additional PHP 10,000 to buy additional stock of charcoals to sell in the community. He believes that this loan will make it possible to improve the business and he hopes that someday, he will make the business a viable and profitable source of income.
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.