Remedios is 40 years old and blessed with two children. Her husband is deceased and her youngest child is still studying. Remedios needs to be responsible and work hard to make sure her children can finish their schooling. Remedios works selling snacks, perfumes and accessories in her allotted place in the market.
Remedios is requesting a loan of 25,000 PHP to purchase additional products such as perfumes, accessories, and snacks. She wants to generate a higher business profit to provide for her children by doubling her selling efforts. Remedios needs to be strong to provide her children with a good life despite her difficulties.
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.