Alberto is 30 years of age. He is from the village of Apanay, Alicia in the Philippines. He is married to Jovelyn. The couple is thankful, because they have been blessed with four children. To make a living, Alberto engages in buying and selling recycled materials in their village. He has been in this business for five years and earns about PHP 1,000 a week. He needs to have additional capital. In this regard, he is requesting a loan of PHP 10,000 to buy plastic, used cans, iron and metal to sell. He hopes to expand and grow his simple 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.