Evelyn is 52 years old, married, and has two children who attend college. She is a business-minded person. When she got married, Evelyn started a hog raising business where she earned enough income to allow her to start another business of buying and selling rice and corn. She has been in this business for five years and earns a higher income.
Evelyn is requesting a loan for 50,000 PHP, which she will use to buy rice and corn to sell in her village. She wants to expand her business in the future.
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.