Nora and her husband are engaged in buying and selling animals and this has been the source of income for their family. She is 39 years old and married to Ruben. They live in a rural and mountainous place. Their two children are still studying. They buy cows and carabao (domesticated water buffalo) and sell them in Isabela. They only sell animals once or twice a week. She is now requesting a loan of PHP 20,000 that they can use as additional capital for their business to buy animals to sell. Nora wants her children to have a better life and she is hoping that she can send them to college after high school. She believes that she can make it by working hard. She hopes that her loan will be granted so she can have a continuous source of livelihood, which is a big help in sending her children to school.
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.