Ely is 41 years old and a father of four. He is raising his family in a rural community, planting and harvesting rice and vegetables for sale. He aims to uplift their living status to provide his family with a better life. In this regard, he runs a small variety store to generate additional income. He is asking for additional capital of 7,000 PHP to buy additional stocks of snack foods, candies, canned goods, noodles, beverages, seasonings and soft drinks for sale. He is hoping that he will make the business viable and profitable through this financial assistance.
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.