Joseph is 35 years old, and is married with three children. Joseph is engaged in motorcycle repair. He has been in this service for almost five years. Right now, Joseph is requesting a loan amounting to 15,000 PHP (Philippines pesos) to buy oil and raw materials for his repair business. He hopes that he can obtain his desired loan to further develop his 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.