Daisy is 41 years old, married, and has one child. She and her family live in the village of Namnama. Her net income is 12,000 Philippine pesos (PHP) a month. She is asking for a loan of 20,000 PHP to purchase additional commodities to sell like canned goods, noodles and bread. With the profits from her business, Daisy has been able to feed her family and pay school fees for her child.
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.