Amalia is 28 years old and married. She has a clothing business where she sells various types of clothes in the market. She has had the business for over five years. Amalia is requesting a loan of PHP 50,000 to buy additional clothes to sell in the market. Each month, Amalia earns about PHP 15,000 per month doing this type of business. Growing of her business is her desire to continue sending her children to school to receive their education.
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.