Jumar is now 21 years old and still single. Due to financial difficulty, he didn't pursue a college education. Despite this, he helps his parents in generating income to support the education of his younger brother and sister.
He used to operate a motorcycle transport business in their village to generate income. He planned to continue operating his motorcycle to gain income but he did not have enough capital. Therefore, he is asking for additional capital of PHP 5,000 to buy gasoline and the spare parts needed for the maintenance of his motorcycle.
He hopes that this loan will be a great help for him to improve the business.
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.