Sherwin is 31 years of age, married and has only one child. Due to the lack of job opportunities, he has set up a computer shop near the school campus. He has been operating this business for almost two years and usually earns a profit of P6,000.00 a month that he utilizes for his family's daily necessities.
He aims to improve the business and make it more profitable. Due to inadequate capital, he is asking for an additional loan of P35,000.00 to buy additional computers for rental use. In the future, he is hoping that the business will grow and become more profitable.
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.