Christopher is 37 years old, married, and has three children attending school. His children are all in the elementary level of education. Christopher is doing his best for the better future of his family. He is a farmer who grows rice in their village. Christopher shares that he did not succeed in farming for the previous season because of subsequent calamities.
Christopher doesn’t want to end his line of business in that situation. Instead, he continues his journey and put up another business. Now, Christopher is also engaged in a bakery business in their village. As a start-up business, Christopher needs additional working capital for his business. He is asking for a loan of P50,000 to buy flour, sugar and trays to use in making bread. Christopher wishes to succeed with his new business and manage it well for its future growth.
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.