Wilfredo, 59, is unsatisfied with the income from his 'sari-sari' business because it is not enough to cover the family's necessities. With this in mind, he is requesting a loan of PHP 7,000 to purchase additional items such as canned goods, noodles, spices, vinegar, cooking oil and soft drinks. He hopes that someday, they will experience a better standard of living through the enhanced income from 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.