Regina, age 38, has owned and operated a retail store in her village for almost four years. She is requesting a loan in the amount of 50,000 PHP in order to purchase additional commodities to sell. Her net income is 25,000 PHP a month.
She is grateful for the continued assistance offered to her by Kiva lenders and intends to further improve her business. She will use the increased profits from her business to adequately support her family.
Regina and her husband, who operates a tricycle transportation business, have four children.
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.