Miranda is a mother who is involved in buying and selling of feeds, corn, nails and oils in their community. This is her way of helping her husband in generating income for their family. They have been gifted with four children and two of them are still studying at the college level. Due to the high cost of school fees and commodities, she needs to increase her income to support the education of her children. For this reason, she wants to ask for an additional capital of PHP 40,000 to buy additional stock of feeds, corn, fertilizers, nails and oils to sell in their community. She mentioned that this loan will enable her to improve the business and hopes that she will be successful in managing the business to give her family a bright 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.