Jimmy is 54, married, and raises his family in a rural community. Despite the hardship of living, he aims to uplift their status of living in order to give his family a better life. With this regard, he and his wife help each other to generate income. Aside from farming, he also runs a small variety store to have an additional source of income. He wants to further improve his store, but he has insufficient capital.
For this reason, Jimmy wants to obtain a loan of PHP 10,000 to purchase additional stocks of soft drinks, canned goods, snack goods, assorted candies, beverages, noodles, and seasonings to sell. He hopes that, someday, he will make more improvements in his business.
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.