Leticia is a very hardworking woman who wants to get ahead in life. She has sold different kinds of banana for more than eight years. Leticia and her husband have been working together to earn their living. The couple aims to educate their youngest son because education is the only inheritance they can give to their children.
Leticia would like to buy more bananas but needs a loan due to an abrupt increase in price. She is requesting a loan of PHP10,000.
She hopes to have a better business someday, so she can offer her customers a greater variety of bananas which will enable her to earn a bigger income. In this way, she could help her youngest child finish his degree program and improve their style of living.
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.