Eddie is aged 25, married and blessed with three children. He has owned and managed a retail store in their village for almost five years, and earns a net income of PHP 200 a day. His daily net profits are usually spent on their daily expenditures and saved for future emergencies. He would like to avail himself of a loan amounting to PHP 15,000 due to a lack of capital to use in his business. He's hoping that his requested loan will be granted immediately so that his business will continue to grow and become more profitable.
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.