Hermogena is 51 years old and is married to Bernardo, a father who manages their farmland. Hermogena lives in the village where she generates income. She has been in her street food vendor business for five years and usually earns about 2,000 PHP per week. Hermogena wants to have additional food to sell. To make it possible, Hermogena is asking a loan in the amount of 10,000 PHP to buy hot dogs, chicken meat, pork and eggs to resell. She hopes that she can get the amount she requested to further develop 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.