Reymundo is 36 years old and single. He lives in a rural community and manages a gasoline station within the town proper. He aims to become successful and financially stable to help his parents and save for his future. He has been in the business for almost one year and he plans to further improve it in order to satisfy his customers. Having insufficient capital, he is seeking a loan of 15,000 Philppine pesos (PHP) to buy additional stocks of gasoline to sell. Through this loan, he is hoping that someday he will be able make the business 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.