Francisco is a tricycle driver who patiently provides motorcycle transport services to the people in his village. He is 48 years old, and has two children. He aims for a better living conditions, that is why he keeps on generating income for the sustenance of his family. His income goes for their meals and the children's allowance.
Francisco availed himself of a loan to maintain his business. He is asking for PHP 8,000 to buy gasoline and crude oil used in the motorcycle. He will also use it to repair the existing trouble with the vehicle. From this, he will continuously provide a better service to all his passengers.
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.