Andres is 52 years old and married to Carmelita. To earn a living, Andres is engaged in his general store. He has been running his business for five years. He usually earns about PHP 300 a day. Right now, Andres wants to have more groceries to sell, which is why he is asking for a loan of PHP 10,000 to buy canned goods, noodles, assorted breads and condiments to sell. He plans to save more from his income for future emergencies.
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.