Ma. Visitacion, 37 years old, is married and the owner of a store where she sells different products to the community. She is a very kind person and responsible to her family. Ma. Visitacion is asking for a loan of PHP 17,000 to buy additional products such as snack food, noodles, coffee and rice for her store. She hopes that her store will expand so that she can renovate it to be more convenient for her customers. In this way, she hopes to increase her income and to be able to sustain her family's needs.
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.