Alexander is from the village of Antonino. He is 39 years old and married, and he has two school-aged children. To make a living, he owns and operates a furniture-making business. The main source of income for the business comes from making and selling cabinets and wardrobe furniture to local businesses and community members. Alexander has been engaged in his business for over four years and earns approximately 4,500 PHP a month from these activities. Right now, he is requesting a loan of 12,000 PHP which will be used to purchase raw materials to make additional furniture. He hopes to grow 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.