Venilda is 47 years old and is married to a policeman. The couple has been blessed with six children. Two of her children have finished college already. Unfortunately, they are not employed yet. One of them is currently studying for a board exam. Though her husband is a government employee, they still experience financial problems due to her children being students.
Venilda is asking for a loan of PHP 12,000 to buy new tires for her transport motorcycle. She is grateful because the profit she generates from her business is useful for their daily needs. Venilda hopes to save money for the education of her children. She is hoping that her children can finish their schooling someday.
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.