Lolita is engaged in buying and selling vegetables in the local community. She is 41 years old, married and has five children. She has been in her business for three years and earns about PHP 250 a day. Right now, Lolita is asking for a loan in the amount of PHP 6,000 to buy vegetables such as string beans, onion, squash, and so on. She hopes to obtain her request and increase her income to provide for her family's daily 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.