Rogelio’s business provides for his family’s daily expenditures. For eight years, he has been in the business of selling wood and he wishes to increase his usual profit. He would be able to do this if he had stable funds to use. To make it possible, he is asking for a loan of PHP 5,000 in order to buy more wood to sell. He hopes that his wish to increase his sales will soon be achieved.
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.