Paulino is 32 years old and still single. His ambition in life is to become successful and financially stable someday. He plans to build his own house before he settles down. To generate income, he is engaged in selling snack foods on the street, sidewalks and on the school campus on school days.
He aims to continue and improve the business but he doesn't have enough capital. In this regard, he is asking for a loan of PHP10,000 to buy fish balls, kikiam (ground pork and vegetables wrapped in bean curd sheets), balut (boiled fertilized duck embryo), hot dogs and needed seasonings. Through his patience and hard work, he believes that he will improve the business through this financial assistance.
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.