“Hard work is the key to successful living,” says Elena.
Elena is a responsible mother and entrepreneur who lives in Barangay Bonfal Proper Bayombong, Nueva Vizcaya. She is married to Vicente and they are blessed with three children. The eldest is now in secondary level education and the two youngest are in elementary level education. Because of financial difficulty, they are struggling to earn a living and to support the studies of their children.
Vicente is a farmer, and he plants a variety of vegetables twice a year. Elena is engaged in managing a general store. She acquires her products from Nueva Vizcaya Agricultural Terminal (NVAT) and sells them at retail prices. She is requesting to borrow PHP 15,000 as additional working capital for her business. She hopes that with help from this loan, she may further provide for much of their household’s expenses and for the studies of their children.
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.