“Every painstaking, there is satisfaction and prosperity.” This quotation was stated by Joyce. She is a business-minded woman who is engaged in selling vegetables. She has been working so hard to provide the educational needs of her two children. She doesn’t want her children to have the same fate as her.
She’s already been operating her business for seven years. During this time, she usually earns a net income of PHP 10,000 that she saves for emergency purposes. Despite the difficulty of selling, she works hard to provide the needs of her family.
She is requesting a loan of PHP 15,000 as additional working capital to buy beans, cabbage, squash and onions. She hopes that she could roll her loan amount to improve their living conditions as well as to prosper her business.
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.