Carolina is 47 years old, married and lives with her family in the village of Ilagan. For the last nine years, she has made a living by running a shop where she makes and sells doors, windows and kitchens. She has lots of experience in this field, a good reputation, and is well known in her area. Carolina is applying for a loan of PHP 50,000 to buy an additional aluminum-cutting machine and to make new items to sell. Her goal is to increase her profits to give her family a better quality of life.
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.