Jingle is 34 years old, married and has two infant-age children. Being a responsible parent, he aimed to become financially stable in order to support his family. He is raising his family in a rural community and they live through farming. Aside from this, he engages in furniture making to earn additional income. He planned to improve and strengthen this business to make it more profitable but he has inadequate capital. Therefore, he is asking for a loan of PHP 8,000 to buy wood, nails, a hammer and other materials needed in furniture making. He is hoping that his loan will be granted to improve his 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.