Marites sells snacks she cooks, like “pansit,” out of her snack house in her village. Sometimes, she also sells house to house and fortunately she is generating an income sufficient to sustain their daily needs. She is again hoping for a loan of PHP 5,000. This little amount will provide the capital she needs in her business. Marites hopes that she will manage to continuously support the financial needs of her two children who are studying in college. Their tuition fees are very high and she is really working hard just to pay their tuition fees and provide them their daily allowances. Through patience, Marites believe, she will overcome the hardship of life.
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.
ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.
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