Cherry, 41 years old, is married to a simple farmer, Danilo, from the remote area of Maluno province of Isabela. She has been busy managing her store for 4 years. To have additional income, Cherry is requesting a loan of 15,000 PHP to buy sacks of rice, cooking oil and snacks for her business. From the additional products purchased, she is looking forward to providing the daily needs of her children.
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.