Arnold and his wife dream of having a big fabrication plant for farm equipment. Arnold started his business in 1991 as a small repair shop for farm machines and vehicles. Arnold has been in the business for 21 years.
Arnold is 46 years old, married and has three school age children. His wife is his partner in managing the business. Through their earned income from the business, Arnold and his wife are able to provide for their children schooling. Arnold is asking for a loan of P30,000 to buy tools and equipments to run the business and extend their services to their customers. He hopes to have more customers and more income that will help him in reaching his goal.
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.