Viviana is a 37-year-old mother who sells livestock feed to the people in her village in Libag Norte. She has been managing her small store for over four years now. She has two children and spends her income on all their daily needs. She is asking for additional capital of PHP 30,000 to increase her stock and expand her product offering. She will use the loan to buy more livestock feed, as well as medicines and vitamins for resale.
In the future, Viviana hopes to keep generating good income from her business and make it profitable so she can pay for her children's education, which is the only legacy she can pass on to them.
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.