Alvin is 34 years old, married but has no children yet. Due to a lack of job opportunities, he put up a small eatery within their community to generate income. He and his wife help each other in managing the business. They have been operating the business for almost two years and usually earn a profit of only PHP 6,000.00 a month. They aimed to offer more dishes and expand their dining area to accommodate more customers but they don't have enough capital. For this reason, Alvin is asking for financial assistance amounting to PHP 25,000.00 to buy raw ingredients, seasonings and materials needed to expand his eatery. He is hoping that this loan will be a great help for him to make an improvement in 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.