Alexander, 43 years old, is married to a midwife and blessed with two children. He has operated a motorcycle transport business for almost 4 years. In this business he's earning a net income of 300 Philippine Pesos (PHP) daily. He wanted to take out a loan of 25,000 PHP to put up additional business and for repairs and maintenance of his motorcycle. He's hoping that his requested loan will be granted so that he can improve his business and their standard of living.
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.