Fernanda is 55 years old, and she owns and manages a small restaurant in her community. Within a year in this business, she was able to support the studies of her four children. She continues her business to provide a better living for her family. In fact, she is requesting a loan of 10,000 PHP to buy meat, rice, and vegetables.
These goods are a big help in acquiring a higher income each month. She wants to continue increasing her profits in order to continue providing for the education of her children and to achieve success in business. This may cause her family’s living conditions to change for the better.
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.