Danreb is a wholesaler and retailer of juice packaging. He had run this kind of business for three years. Danreb is a young, business-oriented man. He is now living with his long time partner. They have three children. Danreb says he is able to sell 30 thousand pieces of foil, 30 kilos of straw, and ten kilos of juice preservative every month.
Danreb would like to increase the foil, straws, and juice preservatives he offers, so he is requesting for additional working capital of PHP 50, 000. He hopes to obtain this amount of loan for him to earn greater income and be able to supply to all of his customers. Danreb knows that in the future he could expand his business through continuous financial assistance to him.
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.