Mark Suaran is a father who dreamed to become successful in the future. He is 29 years old and has one infant-age child. To earn a living, he engages in buying and reselling of hardware and accessories within the Public Market. He aimed to improve the business and increase his income in order to sustain the necessities of his family. Having inadequate capital, he is seeking a loan amounting to PHP50,000 to buy more stocks of hardware and accessories to resell. Through patience and hard work, he believes that he will be able to improve the business and make it more profitable in the future.
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.