Leonida has a motorcycle, which is her source of income. She is 59 years old and blessed with four children. Her son is the one who travels, but she takes care of repair and maintenance. This is fine with her; her son could not find a better job, because of low educational attainment. She is asking for a loan in the amount of PHP 10,000 to buy paint and new tires, and to use for repair and maintenance. She hopes that, through this loan, her son will be able to produce more income. Thus, they could improve their poor 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.