Nenita, age 50, sells a variety of different products in her local general store. She has been engaged in her business for over six years and earns approximately 3,000 PHP a month. She and her husband have three adult children and live in the village of Cabaruan. Her goal is to help improve her living situation and increase her ability to engage in business activities. The previous loan was used to purchase additional products to sell. Nenita is requesting a new loan of 9,000 PHP, which will also be used to purchase additional products to sell.
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.