Mar is a responsible father who operates a motorcycle transport in his village to generate additional income. He is 36 years old, married and has three school-age children. His ambition in life is to improve their living condition and give his family a better life. He planned to continue and strengthen the business to increase his income but due to inadequate capital, Mar is asking for an additional of PHP 10,000 to buy oil, gasoline, tires, spark plugs and other spare parts needed for the maintenance of his motorcycle. He hopes that he can able to earn a higher income as he continues to use daily his motorcycle transport for passenger's use.
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.