Jose is a 50-year-old single man who buys junk materials and resells them for profit. He has been in his business for nine years and earns about 10,000 PHP each month. He was able to manage his business well and aims to keep improving his sales. He is now asking for a loan of 11,000 PHP to buy more plastics, empty cans, bottles and jars to resell for profit. This loan will be additional capital to invest in the business.
Someday, Jose hopes to achieve economic stability and keep mantaining good services to his customers.
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.