Francis is hardworking man who has been running a small eatery business for over three years. He is now 45 years old, married and blessed with three children.
Francis is applying a loan amount of PHP 20,000, which will be used to buy raw ingredients used in making viands such as meat and vegetables as well as to buy soft drinks and mineral waters. He hopes to obtain his requested loan amount so he can give his family a better way of living and be able to sustain his family's basic needs.
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.