Roselle is 29 years old and married with one child. They live harmoniously in a rural community where she can sell rice, feed, insecticides and fertilizers. She has been operating the business for almost ten years and usually earns a profit of PHP10,000 a month. She uses the money to pay for their daily needs and to save for her child's future. She and her husband hope to increase their income so that they will satisfy their needs and start another business in the future. Roselle aims to improve her business to increase their income. She is asking for additional capital of PHP50,000 to buy insecticides, fertilizers, rice and feed for sale. She believes that this financial assistance will enable her to improve the business and hopes that someday she will be successful in her plan.
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.