Bernardino resides in the village of San Guillermo in the province of Isabela. He is 56 years old, married and blessed with three children. He is a hard-working and responsible father. He owns and operates a general store in his village and it is his main source of income. He has been engaged in this business for almost two years and earns approximately PHP 5,000 a month. Bernardino has requested a loan of PHP 15,000 to purchase items for his retail store such as noodles, canned goods, bakery bread, curls, and daily-use products. He hopes that his requested loan will be granted so that he can utilize it properly in his business. He plans to use the additional revenue generated from the business to save as a reserve for future emergencies.
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.