Racquel is from the village of Maligaya. She is 33 years old and is married with two children. To earn a living, Racquel engages in a direct-selling business.This serves as her source of income. She has been in this business for 5 years and earns a net income of 3,500 PHP a month. Through her income, she allots funds to save for emergency purposes. As of now, she has insufficient funds, so she is asking for a loan of 20,000 PHP to buy shoes, blouses, shorts and perfume to offer and sell in the local community. Racquel would like to have her own stall that will lead to the betterment of her family's living conditions.
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.