A very hardworking father of four school-aged children from the town of Ilagan province of Isabela. Jerry, 31 years old, manages a store based on the town market with the help of his spouse. To expand his store, he requesting a loan of 50,000 PHP to purchase additional products that he can offer to the customers. And most important is to have additional products so that he can meet the needs of his children in school.
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.