Selling vegetables in their village has been Carmelita's (aged 56) business for the past 2 years. She sells tomatoes, pechay, ginger and cabbage. She is attentive on her business because this is her only way to help her husband to support their four children. As time passes, their necessities for living also grow, so she must double her efforts in selling her products.
For this reason, Carmelita is requesting a loan of PHP 8,000 pesos to buy camote root crops, string beans and sayote as additional products to sell. She hopes to gain more profits through these goods in order for her to provide for the growing necessities of 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.