Guillermo is a 42-year-old father who is raising his family in a rural community. He aimed to improve their living conditions in order to educate his two children and give them a better life. He and his wife help each other in cultivating their farm land by planting rice and some vegetables. In addition to their agricultural work, he runs a small variety store in their community to generate additional income.
Guillermo planned to acquire more commodities to sell but he does not have enough capital. For this reason, he is asking for a loan of PHP 30,000 to buy more stock of snack foods, canned goods, beverages, seasonings, soaps, eggs, noodles and soft drinks to sell. He is hoping that this financial assistance will enable them to improve the 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.