Every individual aims to be successful in life; they work hard and strive even harder to achieve their goals. Likewise, Brejido aims to improve his living conditions and give his family a better life. He is 33 years old and newly married. He owns and manages a variety store in their community while his wife has applied to work abroad. At this time, they plan to earn and save more income to satisfy their needs and build their own dream house someday. To work out their plan, Brejido aims to strengthen his variety store to increase his income. Due to having inadequate capital, he is asking for a loan of PHP 45,000 to buy additional canned goods, snack foods, noodles, soaps, beverages, candies, seasonings, and soft drinks to sell. Despite having competitors in the area, he has the determination to improve his business, as he believes that patience and sacrifice are the keys to success.
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.