Richard is 58 years old and a responsible father who is raising his family in a rural community. He aims to raise their living standards to give his family a better life. Aside from farming, Richard also engages in buying and selling of dried fish in the market to generate additional income. Through this business, he has been able to generate income that he uses for his family's daily needs and some of which he saves for their future.
Richard had planned to improve his business and make it more profitable. Due to insufficient capital, he is asking for a loan of PHP 50,000 to buy additional stock of dried fish, fruits, and vegetables for resale. Richard believes that this financial assistance will help him improve his business and he is hoping that he will be successful and financially stable in the future.
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.