Deogracias, age 32, and his wife operate a "talipapa" (a fruit and vegetable stall) to earn an income. They earn a monthly income of about PhP 20,000, which they apply toward supporting their family. The remainder serves as revolving capital for the business.
Deogracias and his wife have a two-year-old child and a one-year-old baby. They work hard to provide sustenance for their children.
Deogracias aims to increase his family's income, which is why he is requesting a loan in the amount of PhP 40,000. He will use his loan funds to buy vegetables, canned goods, coffee, breads, and eggs to sell in his food stall.
In the future, Deogracias hopes to continually increase his income for the sake of the overall welfare and financial stability of his family.
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.