Raul is an industrious bachelor who is engaged in selling slippers in his community. Because of the poor standard of living he had before, he works hard. He doesn’t want to fall back into poorer living. He is 42 years old and wishes for a good life and a brighter future.
Therefore, he is asking for a loan of an amount of PHP 40,000 to buy shoes, sandals and slippers as additional goods to sell. He hopes this will lead to a boom in his income and will allow his business to prosper and his living standards as well.
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.