Emily is 49 years old and is blessed with four grown children. They live happily in a rural community, planting and harvesting rice and vegetables for sale. They aimed to upgrade their status of living to support the education of their children and give a better life. Due to financial difficulty, Emily engages in buying and selling of frozen foods in their community to earn additional income. She aimed to strengthen her business and make it a viable source of income but due to insufficient capital, she is asking for an additional of 15,000 PHP to buy more stocks of frozen foods like longaniza (pork sausages), hot dogs, tocino (sweet cured pork) and fish to sell in their village. Through patience and hard work, she believes that she will improve the business in the 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.