Patricia, aged 52, is in the business of buying and selling vegetables in her village. This has been her source of income. She sells bananas, ginger, jackfruit and cabbage. She is very caring and loving of her business because this is her only way to help her family, especially to support their two children. Now, she feels that their necessities for living has grown, so she must work harder to earn a higher income. But how can she achieve higher income when she suffers insufficiency of capital? So to make it achievable, Patricia is requesting additional capital in the amount of PHP 16,000 to buy bananas and vegetables such as string beans and potatoes to sell.
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.