Francisco is a hardworking father who is a tricycle (motorcycle) driver at Enrile. He has three children and his spouse works abroad. Francisco's transportation business allows him to earn approximately 200 PHP each day. Francisco would like to maintain good transportation services, which is why he is asking for a loan of 7,000 PHP to buy gasoline and crude oil for his motorcycle.
Francisco would like to earn more income and save for his children's education. This will lead to financial stability someday.
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.