Nereo lives in Cataggaman with his wife and five children. He is married to Amalia, a house keeper. In order to generate income for the family, he sells fruits and vegetables to the people in his village. He rented a small stall at the public market, and from selling his merchandise he generates about 10,000 PHP.
He aspires to increase his income in order to diversify his business. He is now asking for a loan of 15,000 PHP to buy more bananas, potatoes, eggplant, beans, and cabbages to sell. His wife also helps him manage the business.
With good funds and continuous hard work, he hopes to achieve a progressive life for his family someday.
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.