Remedios is 49 years old and married with two grown-up children. Remedios operates a vegetable and fruit stall next to her house. From there, she can take care of her child and generate income as the same time. She plans to use this loan to invest in her stand by buying vegetables and fruits. She also wants to rebuild the stand to make it nicer and bigger.
Remedios is a asking a loan of 10,000 Philippines pesos (PHP) to buy different vegetables that she can sell in her community. With part of the loan she plans to buy some wood; now that she has more demand, she will need to invest more in her business. She will use the profits to expand the business and get her own house that she can live in comfortably.
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.