Raquel is 36 years old and a very responsible mother of two school-aged children. She is married to Jose from Sta. Isabel province of Isabela. She is engaged in selling a variety of products to the people of their village. She is requesting a loan of PHP 18,000 to buy more products such as spices, snack food and drinks for her store. In the future, she hopes that her business will expand so that she can support her family.
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.