Augusto is 47 years old, married and raises his family in a rural community. He aims to become financially stable to give his family a bright future. To generate additional income, he operates a gym & fitness service in their community. He plans to acquire more equipment needed in the gymnasium and to repair the existing equipment to provide a better service to his customers. Due to inadequate capital, he is asking for an additional of PHP 10,000.00 to buy the equipment needed in the gymnasium. He mentioned that this financial assistance will enable him to work out his plan and that he is hoping that someday he will make the business grow.
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.