Loreto describes himself as an industrious and hard working man. He is married with six children. Three of his children have settled for marriage while the other three are still studying.
Loreto's wife is a hog raiser while he is engaged in a transportation business. According to him, it's been his fourth time to changed his motorcycle transport because it's no longer usable in transporting passengers and some of the spare parts are destroyed. Now he would like to borrow a loan of 10,000 Philippine pesos (PHP) which will be use for the repair and maintenance of his motorcycle side car. In addition, he will use some of the amount in buying two piglets and hog feed. Loreto believes that his sacrifices and patience will lead him to obtain his goal in life.
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.