Levita Gina is a determined mother of five. She untiringly earns income to provide enough sustenance for her family. She is married to Elmer, her partner in the junkshop business. They buy scrap materials such as cans, bottles, and old newspapers to re-sell them at a higher price. This way the couple gains about PHP 10,000 each month, which goes for their meals and school fees for her children. Three of her children are in elementary school and the others are too young to study.
Levita Gina would like to increase her income and needs a loan of PHP 50,000 to have additional capital to maintain the business. Her loan will be used to buy more metals, old newspapers, empty bottles and jars to re-sell for profit.
Someday, Levita Gina would like to keep growing as a succesful entrepreneur and give the best education to her children. With the good funds she earns, she will also improve the family's poor living conditions.
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.