Olga and her husband help each other to lift up their children out of poverty. Olga is engaged in the transportation business operating her jeepney. She has been in this business for four years and she is thankful because she usually receives PHP 25,000 per month from it. Right now, Olga is requesting a loan of PHP 50,000 to purchase wheels, oil, and gasoline for the maintenance of her jeepney. She plans to use the additional revenue generated to expand and improve her family's living conditions.
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.