Esther Jean is a 20-year-old who engages in buying and selling fruits and vegetables as a source of income. She helps her husband in earning their meager living through this occupation.
With the desire to improve their lifestyle, she is borrowing PHP 15,000 to buy more fruits and vegetables to sell, to have more income for their daily needs. She wishes to build a new business, such as a sari-sari (variety) store, as an additional source of income.
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.