Violeta is 38 years old, married, and blessed with two children. One child is in the 6th grade, and the other one is in the 4th year of high school. In sending them to school, Violeta needs enough money to continue their studies. To support their needs, she engaged herself in a buying and selling business in their community. She sells vegetables every day and earns a net income of PHP 6,000 every month. She has been doing this activity for 15 years.
To exceed her net income each month, Violeta is now asking for a loan of PHP 16,000 to buy additional goods to sell such as beans, okra, squash, camote tops, onions, and garlic. She is hoping to acquire more customers for these goods. By doing that, she would earn a higher income each month and save for the education of her children.
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.