Reynaldo is 40 years old, married and has two children. Reynaldo's parents have given capital to continuously operate the family's carinderia (food stall selling daily meals and snacks) business. This serves as his inheritance from them, which he has been managing for two years now. He pours all his efforts and skills into cooking delicious viands and snacks. Reynaldo's wife also helps him run the business.
He is now requesting a loan of PHP 35,000 to buy ingredients for food preparation such as onions, pork and chicken meat to cook and sell.
In the future, he hopes to further develop and improve his sales in the business to pay tribute to his parents' goodness. This will also alleviate his family's poor living conditions.
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.