Being a responsible father, Noel aims to improve his family's living status, educate his children and give his family a better life. He is 48 years old and has two school-age children.
Due to the high cost of commodities and school fees, Noel plans to strengthen his small eatery to generate sufficient income to satisfy his family's needs and continue sending his children to school. However, he has inadequate capital. So he is asking for a loan of PHP 20,000 to buy fresh meat, fish, vegetables and spices to be cooked and sold in his eatery.
Despite the problems and difficulties he has encountered in life, Noel has the determination to improve his business. He says that this financial assistance will be a great help to him in accomplishing his goal of growing his business.
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.