Perlicana, 36 years old, is married to a farmer. They have three children. She has operated a retail store in their village for almost 10 years. She earns PHP 8,000 monthly. She is asking for a loan of PHP 25,000 to use in the expansion of her store and to purchase additional food products and beverages to sell. Perlicana is grateful for having Kiva lenders and ASKI MFI who support 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.