Agnes is 32 years old and married to Edgar, a businessman. They have two children: Jay Mar, who is 12 years old and in grade 6, and Jarred Dane, who is 6 years old and in grade 1. They live in the city proper of Cauayan, Isabela.
Agnes manages a mini-restaurant next to Cauayan Medical Specialist Hospital. Her net income a week is 1,800 PHP. She wishes to expand her business for it to become more profitable. This is the reason why she is borrowing a loan of 30,000 PHP from the Kiva lenders for her to pursue her plans in her 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.