Rodolfo is 43 years old, married and blessed with four children. He has owned and operated a retail store in his village for almost 15 years, earning a net income of 6,000 PHP a month. He would like to avail a loan of 10,000 PHP to purchase canned goods, biscuits and beverages. He's hoping that his requested loan will be granted so his business can be more profitable.
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.