Constancia manages a buy and sell business in the village. She would like to expand her business. For this reason, Constancia requested a loan of 10,000 PHP to buy eggplants, squash, cabbages, okra and bitter melon. She is working diligently to develop this additional source of income in order to supply the daily needs of her family and save for the education of her five children. To further achieve better living and save for future use, Constancia and her husband will double their time and efforts in their particular businesses.
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.