Arlene manages a variety store and a small eatery in their village. Aside from that, she is also engaged in the hog raising business. To further maintain her small businesses, Arlene is requesting a loan amounting to 5,000 PHP as additional working capital. The loan will be of great financial assistance not only for her enterprises, but also for their farming needs. She hopes that they can save enough money for the education of their children.
Arlene is 34 years old and married to Froilan, a farmer. They have three children: Claide Jeric- 13 years old, first year high school; Julius Ceasar- 11 years old, grade four; and John Llyod- a one year old. Her family lives happily in the far and mountainous place of Barangay Mapalad in San Agustin, Isabela. She is doing her best to assist her husband in providing for the needs of their family.
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.