Angelito is a hardworking father who is raising his family in a rural community. He is 42 years old and has three school-age children. Despite the hardship of living, he aims to uplift their status of living to give his children a better life. Due to insufficient income, he set up a small variety store in their house while his wife presently works in one of the private companies in Nueva Vizcaya. Angelito aims to improve the business to generate sufficient income. He is asking for additional capital of PHP 20,000 to buy soft drinks and other beverages, canned goods, soaps, noodles, eggs, junk food, biscuits and seasonings to sell. Through this loan, Angelito believes that he will improve his business and make it more profitable.
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.