Lailanie is 34, married and has five children. She has been selling dried fish for three years and earns about PHP 200 per day. She aims to increase her profits due to the increased school needs of her children. For that reason, she is asking for financial support of PHP 7,000 to buy a variety of dried fish to sell in the village. She believes that she can improve her income through the loan she requested.
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.