Melchor is 37 years old and still single. He operates a motorcycle transport service in his local community to generate income. He aims to earn more income in order to support his parents, who are now old and incapable, and to fund a start-up business in the future. Melchor has been operating his motorcycle transport business for almost six years, and he usually earns profits of PHP 6,000 per month, which he uses to meet his family's daily needs and to save for his future. To continue his business, he is asking for a loan of PHP 6,000 to buy accessories and spare parts needed to maintain his motorcycle. He hopes that he will be successful in the future as he continues to work hard and strive harder.
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.