Jingle aspires to make his furniture building business grow and become stable until he grows old with his wife. He is a 34-year-old father of two young children. He has been engaged in furniture construction for 15 years already. Having this business has allowed Jingle to invest in a house, a farm lot, and a motorcycle.
He is asking for a loan to further expand his business by buying wood, machines like a plainer, and other tools for making furniture. He hopes that his monthly income of 20,000 PHP will increase so that he can put it towards investing in his children's education in the future.
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.