Pedro is a responsible father who runs a small restaurant in his community to generate income. He is 28 years old, married, and has two infant children. To lessen the hardship of his life, he plans to improve his restaurant and increase his income. He hopes to improve his family's standard of living and give them a better life. Since he does not have sufficient capital, he is asking for a loan of PHP 15,000 to buy fresh meat, fish, vegetables and seasonings to be cooked and sold in the restaurant. As he is a hard-working father, he believes that he will be able to improve his business with this financial assistance. In the future, he is hoping that he will become financially stable.
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.