Evangeline is a 30-year-old single mother of one school-age daughter. She is requesting a loan of PHP 15,000 to purchase additional products for her store to have more items to offer in the community. Being a single mother, she needs to work hard to supply all the needs of her daughter. She hopes to have her own house so that she can give more convenient living to her daughter.
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.