Wanting to make her general store more productive, Rowena decided to borrow a loan from KIVA lenders amounting to PHP17,000 as her additional capital. She patiently manages her store in order to generate a daily income for the education of her two children and to assist her husband in providing for their agricultural needs.
Rowena is now 39 years old, and married to Raymundo L. who is a farmer. They have two children: Roxanne Grace - 20 years old, who is a college senior student; and Rochie Mae - 15 years old, who is currently enrolled in third year high school. Her family is living in a simple village where farming is the main activity of most residents.
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.