Nena is 51 years of age, married and blessed with three children. She is engage in selling plasticware and kitchen utensils in the market. She has been in this business for 20 years, since getting married.
Nena started capital for her business with PHP 7,000. She worked hard to reach her dream of having her own stall. With the support of her husband, they manage well their business, from which they get their daily consumption for their house through the profits they earned. Nena is also able to send her children to school.
With her determination to succeed and to finish sending her children to the college level of education, Nena wants to extend the products she sells in the market. She is requesting a loan of PHP 50,000 to buy blankets, mosquito nets, and bed sheets. She hopes to see her children wearing professionals’ uniforms someday.
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.