Angelita is a 54-year-old married woman living in the village of Villa Norte Maddela Quirino. Angelita has two children who already have their own family. Angelita’s spouse works as a welder.
She earns about PHP 2,500 per month doing this kind of business. Angelita has operated this welding shop for 25 years. Angelita is requesting a loan of PHP 13,000 to purchase materials needed in her welding shop such as metals.
In the future, Angelita hopes to improve her business through taking additional loans from ASKI through the KIVA lenders.
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.