Maria is 47 years old and earns a living by running an upholstery store. She devotes lots of time and energy to her business in order to be successful. Maria is requesting a loan for PHP 15,000 to buy a better range of products to sell to her customers, and to improve the service she provides by buying a motorcycle. Her goal for the future is to earn enough money to pay for the education of her two 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.