Ofelia is 44 years old, married and has three children. Ofelia sells fish around their village using their transport motorcycle. She has been in this business for 3 years and earns about 1,500 PHP a week. She is happy with her busines because this is the main source of her income. Right now, Ofelia is asking a loan in the amount of 12,000 PHP to buy more fish such as milk-fish and "tilapia" to sell. With this loan, Ofelia hopes to expand her business to secure her family's future.
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.