Precilla is from the village of Villaluz. She is 47 years old and married with three school-aged children.
To make a living, Precilla owns a transportation business providing motorcycle transport to local members of the community. Precilla has been engaged in her business for over three years and earns approximately 2,500 PHP a month.
She is asking for a loan of PHP 15,000 to gain access to financial services to help improve her living situation and ability to engage in business activities. She plans to use the additional revenue generated to improve and expand her business.
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.