George is managing an eatery for a living. He aims to increase his profit, because he would like to have more comfortable living conditions and improve his financial stability. He wants to buy meat, rice, soft drinks and vegetables, to ensure the proper growth of his income. But his funds are inadequate, so he decided to apply for a loan amounting to PHP 20,000. He hopes that his business will create a greater income, which will enable him to acquire financial stability.
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.