Avelino is a father, a public servant and an entreprenuer. He is 60 years old and married. He has three children. One has already finished school while the rest are still studying. To acquire a daily income, they sell grocery items to the people in the village. His wife is his partner in ensuring good sales from the business. He usually generates PHP 20,000 each month.
He would like to keep increasing sales so as to get a better income. That is why he is asking for a loan of PHP 30,000 to buy canned goods, soft drinks, eggs, breads, noodles and soap to sell in the store. Increasing sales capacity will increase income too. From this, he will earn money to pay school fees.
Avelino hopes to keep giving good education to his children and keep extending good services to his fellows also.
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.