Basilio is from the village of Alicia. He is 50 years old and is married. He is thankful because his marriage was blessed with one child. Together with his wife, Basilio manages a sari-sari store (variety store) business to raise his family well. They have been in this business for two years now.
Basilio is asking a loan of PHP 20,000 to buy canned goods, noodles, condiments, assorted bread, beverages and more stocks of merchandise to sell. He hopes to grow the business well to keep his family's standard of living progressive.
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.