Buying and selling meat and vegetables is the primary source of income for Lolita, a mother of two school-aged children. She is a 37 years old and married to Mr. Alfredo, a farmer in the village of Namnama, Cabatuan. She has been in this business for several years. She earns approximately PHP 2,000 per week. As of now, Lolita is requesting a loan of PHP 25,000 to purchase different kinds of vegetable such as eggplant, string beans, potato and meat to sell in their local community. She hopes to expand her business to earn a higher income and lift her family out of poverty.
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.