Due to lack of job opportunities, Jerameel buys and sells fruit and vegetables to generate income. He is 31 years old and still single. He planned to earn and save more income to build his own house settling down. In this regard, he decided to improve and strengthen the business to increase his income. Due to insufficient capital, he is asking for additional capital of PHP 12,000.00 to buy additional stock of garlic, onions, beans, tomatoes, cabbage and eggplant for sale. Through this financial assistance, he believes that he will improve the business and make it a viable and profitable source of income.
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.