Pedro is a retail store owner who has extended good services to his customers for over 10 years now. He is married to his partner in managing the store. Aside from the retail store, the couple also raises hogs for additional income. They usually gain 8,000 PHP each month from their businesses.
He is now asking for a loan of 15,000 PHP to invest in expanding his sales. He will buy to buy coffee, bread, eggs, biscuits, soap and shampoo to sell.
Someday, he hopes to achieve a stable income from their businesses so he can pay his four children's school expenses. He had 10 children, but the rest have settled into marriage and live apart from him. His photo was taken when he was arranging his merchandise at the store.
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.