Jemilson is 26 years of age and he manages his motor parts and services shop in the market. He has been operating his business for four years and is able to earn PHP 10,000 a month. According to him, the generated income is not enough to purchase higher quality motor parts and accessories.
He is applying for a loan of PHP 35,000 as additional capital to be used in buying motor parts and to further enhance the service he offers through new tools. Jemilson is looking forward to the approval of his requested loan amount so he can satisfy his customer's demand and earn more income.
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.