Ramy started his store business when he was single. According to him, capital he had used from his retail store came from his savings when he was still employed. Now, Ramy is married and his income from his store business serves as his main family source of income. Ramy is now eight years in running his business. With his aim to expand his retail store and completely stock the merchandise he offers, he decided to request a loan of PHP 15,000 to buy beverages, breads, spices, canned goods and soaps. He believes that he can expand his business, and earn more income which enables him to improve his house.
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.