Jose is 25 years old, married and has one infant-age child. He aims to improve their status of living to give his family a better life. In this regard, he planned to improve his tailoring business to generate sufficient income and satisfy his family's needs. Due to insufficient capital, he is asking for an additional 15,000 PHP (Philippines pesos) to buy threads, a pin cushion, fabric, needles and hook and eye needed in the tailoring shop. He believes that this loan will enable him to improve the business and is hoping that someday, he will become financially stable.
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.