Wilfredo is 50 years of age, married and a business-oriented person. He offers rice, eggs, cooking ingredients and fish sauce at the public market. He is thankful because he is able to dispose of his rice immediately. With the smooth flow of his business, he plans to increase the number of sacks of rice he offers but he doesn't have enough capital. For this reason, he is asking for a loan of PHP 50,000.He will be using this loan in buying additional bags of rice to be sold. He hopes that he could expand his rice retailing business, enabling him to earn greater income and improve his way of living. Wilfredo believes that his hard work and perseverance will enable him to fulfill his dream in life.
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.