Raquel is 45 years old, married and has four children who are in school. She works very hard to provide for them. She operates business buying and selling bananas and has been at it 6 years.
Raquel is asking a loan of PHP 10,000 through ASKI to purchase more bananas to sell in the small stores in their place. The more bananas, the more stores she can provide with her product, therefore she could earn more. She hopes that through this loan plus her stability, she can earn more profit for the success of her business as well as their livelihood.
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.