Samuel is a responsible father who owns and manages a restaurant in a rural community. He is 60 years old and has two adult aged children. Through his patience and sacrifices, he educates his two children and gives them a better life. Despite this, he aims to improve and continue the business in order to be able to earn and save more income to satisfy necessities and save for the future.
He wants to ask for an additional capital of P 50,000 to buy pork, fish, vegetables and seasoning to be cooked and sold in his restaurant. He believes that this loan will help him to work out his plan and is hoping that he will be successful in carrying them out.
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.