Rosa did not finish a higher level of education because her parents had no capacity to send her to school. She was married early at the age of 19 to her husband who was only 21. At that time, they had nothing, no source of income. Her experiences caused her to become mature and to work to have enough food to eat every day.
Rosa started a business stall as a rolling vendor. She sells tarpaulins, mirrors, and school supplies in different public markets during market days. She is happy that her business is doing well and earns income. When she earns enough capital from her business, she hopes to start a kitchen utensils business.
Rosa is now 53 and has six children. Through her income from her business, Rosa is able to send her children to school. She has now four employees and her youngest child is in school at a college level of education. Rosa wishes to generate a higher income to continue to send her child to school. She also wishes to borrow P40,000 to buy plastic wares and kitchen utensils. She hopes for the success of her business and her family.
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.