Larry is 34 years old and married to Jocelyn. In addition to an agricultural business, he has been also involved in a retailing business for over five years. Larry dreams to lift his family from poverty -- this is why he works hard at his businesses. To this end, he has requested a loan of PHP 20,000, which he will use to acquire goods to sell at his store, including beverages, condiments, noodles and assorted breads. He hopes to grow his business and to secure a good living for his family.
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.