Avelina has offered vegetables and fruits for ten years. She earns about PHP3,000 monthly. She used this amount for her children's daily necessities, maintenance of her corn field and other household expenses.
Avelina is 44 years of age, married, and blessed with four children. Her eldest has finished her studies already, while her three other children are still studying. Avelina plans to increase the kilograms of vegetables and fruit she offers. She is requesting additional working capital in the amount of PHP6,000. She hopes she can educate her three children and give them comfortable 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.