Edralin, 44 years old, is married and blessed with five children. He own and manages a transportation business, particularly motorcycle transport. He is glad that he can earn a net income of PHP 500 a day.
He is now asking for a loan of PHP 15,000 to purchase spare parts and tires for his tricycle. He is hoping that his requested loan will be granted so that he can provide better services to his passengers.
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.