Rhoda is a hardworking mother who sells ukay-ukay (used clothes) in the market. This is her way of helping her husband to generate income. She is now 49 years old and has thee school-age children. Due to the high cost of school fees and commodities, they need to increase their income to cover necessities and finance the education of their children. She plans to acquire more goods to sell, but she has inadequate capital.
Rhoda is requesting a loan of 20,000 Philippine pesos to buy pants, jackets, blouses, T-shirts, short pants, polo shirts and underwear to sell. She believes this financial assistance will help her to work out her plan. She is hoping that she will be successful in carrying it out.
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.