Angelita is willing to work hard to lift her family out of poverty. To make a living, Angelita sells different kinds of vegetables. She earns about PHP 1,500 per week. She has been in this business for more than two years. She is now already 53 years old, married and has five children. She is thankful, because through her business she is able to provide the needs of her family and aid the growth of her business.
At this moment, Angelita is requesting a loan amounting to PHP 7,000 to acquire different kinds of vegetables such as string beans, squash, potatoes and eggplants to sell. She dreams of seeing her business grow, having a good estate to leave her children, good economic stability and quality of life.
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.