Despite the hardship of living, Vidal has the determination to uplift his status of living. He is 48 and has two children. He earns a living through farming. He also operates his motorcycle as transport to generate additional income. He aims to earn and save more income in order to provide for the necessities of his family.
Due to insufficient funds, he is asking for a loan of 5,000 PHP [Philippines pesos] to buy wheels, gasoline and spare parts needed for the maintenance of his motorcycle. Through this loan, he believes that he will make improvements in the business as well as their status of living.
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.