She is thankful because their businesses generate sufficient income to be able to support their everyday lives, but she really wants to expand her business. Thus, she decided to request a loan in the amount of 10,000 PHP ($225) from KIVA lenders, the proceeds of which she will use to buy more pillow cases and kitchen utensils to sell. She also plans to use a portion of the loan proceeds to purchase feed for her hogs.
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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Success!! The loan was 100% repaid