Danilo is the father of four. His wife stays at home nursing their grandchildren whose parents are working abroad as domestic helpers. To improve their general living conditions, he has been operating a motorcycle transport business in the city proper of Cauayan for almost 30 years. In this business, he is able to generate PHP 10,000 income monthly.
Danilo is requesting a loan of PHP 10,000 to pay for the repair and maintenance of his two motorcycles which are used in his transport business. His eldest son drives his second motorcycle for him so he can also earn income for his family.
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.