Rochelle, a 29-year-old mother of one child, is the operator of a motorcycle service that has been in operation for two years. She is working hard every day just to meet the needs of her family.
Rochelle has requested a loan of PHP 7,000 (Philippine pesos) to buy wheels and gasoline for the maintenance of her transport motorcycle. She hopes to increase her profits so that she can sustain the financial needs of her family and improve their standard of living.
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.