Jojo, 27, is married and has one child. For the past eleven years he has earned a living operating a motorcycle transport.
Jojo would like to buy new tires, a chain and a sprocket, plus change the motorcycle’s oil to insure his his motorcycle’s reliability and passengers’ safety, but he hasn’t enough capital to do so. So he is applying for a loan of 30,000 PHP from ASKI to cover these costs. He knows this loan would help him to provide good customer service and so increase his income. He is looking forward to approval of his requested loan.
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.