Salvacion runs a small business selling fruits and vegetables, and is proud that this business helps her family overcome many of life's hardships. They live in the simple village of Barangay Natappian West Solana, Cagayan. Her husband farms a small rice field, but his earnings were only enough to pay for one semester's education of their children.
Her strong desire to improve her business has led her to apply for this loan, which she will use to increase her working capital. She is proud that she has been able to give her children an education that will allow them to get good jobs and support their own families. She hopes to expand her business and become an even more successful entrepreneur in the future.
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.