Ranilo, 48 years old, is married and blessed with 6 children. He's been selling roast pig in their town for almost 18 years. His monthly net income amounts to Php 28,000. He requested a loan amounting to Php 30,000 to purchase pigs for roast pig vending. He uses his profits for the allowances and tuition fees of his children in school. According to Ranilo, he wants to improve and expand his business to be able to cover their daily needs.
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.