Ammie is 38 years old, married and has three grown children. For the last 10 years, she and her husband have run a motorcycle transport service where they earned enough money to send all of their children to school. Her children all now have good jobs and are occasionally able to help their parents. Ammie is applying for a loan for PHP 27,000 to improve her motorcycle by buying new tires, mirrors and paint. Her goal is to become financially independent by increasing her income.
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.