Alexander is from the village of Antonino. He is 39 years of age and is married to Romajane. The couple is thankful because they have been blessed with two children. To make a living, Alexander is engaged in the furniture-making business. He has been running this business for six years and has been able to earn a net income of PHP 4,500 a month. At this moment, Alexander is asking for a loan of PHP 15,000 to purchase raw materials to improve his finished furniture products to sell. He knows that his requested loan has something to do with the increase in his income, so he is hoping for approval of his requested loan to make his furniture business profitable and productive someday.
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.