Romeo is 54 years old, married to Fredisminda, and they have four children. One of their children is in college. To make a living, the couple provides photo and video coverage services as the source of their income. Aside from their photography business, they also manage a farming business. Romeo hopes for more income, and that is why he is now asking for a loan of PHP 30,000 to buy a new video camera to use in his photography business. The other part of his loan will be used to maintain his farming business.
Romeo would like to provide good services to all his customers and gain more money to pay for his children's education, as this will lead to good employment someday.
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.