Modesto is 59 years of age and works as a driver. He has been in this kind of business for 13 years. His need to maintain the good condition of his multicab, which he is using in his transportation business, encouraged him to seek the financial assistance of Kiva lenders. He is now asking for a loan of PHP 30,000 to be used to overhaul his multicab. He hopes that they will grant his loan request in order for him to generate sufficient income 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.