Danny is 43 years of age and widowed. He is raising his family in a rural community, and due to hardship of living, he operates his motorcycle to earn additional income. He aims to earn sufficient income in order to satisfy their necessities and continue sending his children to school. He is asking for a loan of 5,000 PHP to buy spare parts and accessories needed for the maintenance of his motorcycle. He believes that the loan will help him improve his business.
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.