Rowena R. is 38 years of age, she manages a retail store in their village for almost six years,her weekly net income is PHP 1,500.00, she requested a loan amount of PHP 10,000.00 to purchase some grocery items to sell. She works hard for her family to support her family in their daily needs.
She is married to Reynaldo R., a barangay Captain in their village. They have one son named Reynald- 17 years of age, 2nd year college student. They are three family members residing together at San Francisco Cauayan City, a rural and plain area, 15 kilometers away from the city proper of Cauayan. She is optimistic when it comes to business. She said that we should anticipate a positive outcome in handling a small business.
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.