Imee is 29 years old, married and has one school-aged child. Her husband makes a living as a driver for the local government of Mallig. She started a sari-sari (or variety) store in 2003 and makes a living selling bread, drinks, snack foods, diapers and rice. She usually earns PHP 10,000 monthly but would like to improve her life by buying a used car to help out in her business, and also open a new business selling rice. To do this, she has applied for a loan for PHP 50,000. She also plans to use the additional income she earns to send her child to college.
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.