Bernardo is 35 years old, married, and has three school-age children. He aimes to upgrade their living condition in order for him to educate his children and give them a better life.
He engages himself in the buying and selling of soft drinks and other beverages to generate income. He has been in this business for almost two years and usually earns a profit of PHP 10,000.00 a month. His income is usually spent on the family's daily consumption and allowances of his children in school. He has planned to acquire more soft drinks and beverage to sell in their community, but he doesn not have no enough capital. For this reason, he is asking for a loan of PHP 20,000.00 to buy additional stock of soft drinks and beverages to sell. He hopes that this loan will help him to improve the business to make it more profitable 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.