Alfonso is 44 years old and has one school-aged child. He aims to improve the family's standard of living in order to give his family a better life. In addition to farming, he owns a motorcycle repair shop within their community. This is his way of generating additional income for his family.
Alfonso plans to improve the business and make it viable source of income. Due to inadequate capital, he is asking for a loan of PHP 15,000 to buy materials needed in the repair shop. This includes items such as wheels, sprockets and motorcycle accessories which are needed to provide a better service.
Alfonso believes that this loan will be a great help to him in improving the business and hopes that he will be successful in the future.
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.