Estrelita sells fruits and vegetables in the market. She has been doing this for one year and earns a net income of about PHP 500 a day. Estrelita is doing her best to meet their family house hold needs. She wants to grow and expand her business.
To make it possible, Estrelita is asking for a loan of an amount of PHP 10,000 to buy eggplants, string beans, squash and bananas to sell. She believes that availing herself of the loan will have a positive impact on 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.