Alejo is engaged in a transportation business using his motorcycle. He has been in this business for six years and usually earns about 300 PHP (Philippine pesos) a day, this income is just enough to cover their family's daily meals.
Alejo wants to renew his licence, but he has insufficient cash. In this regard, Alejo is asking for a loan in the amount of 50,000 PHP to buy spare parts, new wheels (exterior and interior) and to renew his licence. He hopes to obtain his loan.
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.