Warren is 32 years old, married, and has two school-aged children. They live happily in a rural community, planting and harvesting rice, vegetables, and raising livestock for sale. Due to the hardship of living, he also uses his motorcycle for public transport to generate additional income.
Warren aims to improve their poor living conditions in order to educate his children and give them a better life. To strengthen the business, Warren is requesting additional capital of PHP 12,000 to buy gasoline, wheels, and spare parts needed for the maintenance of his motorcycle. He believes that that, someday, he will increase his income and improve his family's status of living through his patience and sacrifices.
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.