Norlita is 34 years old, married, and has two school-aged children. Her main source of income comes from selling seafood products including fish and shrimp in the local community. She has been involved in her business for over one year and earns approximately 200 PHP daily from these activities.
She joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Norlita is requesting a loan of 5,000 PHP which will be used to purchase seafood products, including fish and shrimp to sell. She plans to use the additional revenue generated from the business to improve/expand 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.