Coralyn is hardworking and friendly citizen of Dadda. She is 35 years old, married and has three children. Two of her children attend school and need daily allowances and payments for school projects. Her spouse is a jeepney operator. To add to the family's income, Coralyn makes peanut butter, milk and ube (purple yam) candies. She offers her products to the nearby stores and canteens.
Coralyn has been in this business for over 10 years now. She always dreamed of increasing her sales. That is why she is borrowing a loan of PHP 50,000 to add to her revolving capital. She will buy skimmed and condensed milk, sugar, flour and plastic wrappers to use in her food selling business. The additional ingredients she will buy out of her loan will help her diversify her business and produce more delicious products to sell. Coralyn will be very happy and proud to see all her children become professionals in their chosen careers someday.
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.