Robert has owned a bakery for four years. He works hard in order to earn a living. Robert is married with four children; two of them go to school while two children are still infant-aged.
Robert wants to request a loan of 25,000 PHP (Philippines pesos), allowing him to buy 10 bags of flour, 30 kilograms of sugar, and gallons of cooking oil for his bakery business. He knows that through this loan amount, he can further improve his financial stability, which enables him to educate his four children and have a comfortable lifestyle. Robert hopes and prays that his requested loan amount will be granted.
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.