In 2007, Adora joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Adora has successfully repaid a previous loan of 25,000 PHP from ASKI. This previous loan was used to to purchase breeding livestock. Adora is requesting a new loan of 15,000 PHP, which will be used to purchase livestock feed and other supplies. This loan will be the ninth loan taken out by Adora from ASKI. She plans to use the additional revenue generated from the business to improve/expand her business.
ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolks and small entrepreneurs.
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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