Julieta is a 36-year-old married woman with three school-age children, living in the village of San Manuel. To make a living, Julieta operates a family member's business venture in transportation. She operates also a small store. While not the only means for generating revenue, the main source of income for the business comes from selling chicharron to the local community, using her tricycle for transportation. Julieta has been engaged in her business for several years, and she explains that she earns approximately P 8,000 per month from these activities. She hoped to improve her living situation.
Julieta is now requesting a loan in the amount of P 7,000 which will be used to purchase spare parts of her tricycle for maintenance. She plans to use the additional revenue generated as a result of this loan to improve and 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.