Filomena is an entrepreneur living in Annafunan with her spouse and one child. She sells fruits and vegetables at the public market where she rented a stall for her merchandise. She has been in business for over eight years now and usually gains P6,000 each month. She uses it to pay for school fees, meals, and stall rental fees.
Filomena and her spouse manage the business well. She is now asking for a loan of P25,000 in order to increase her merchandise and alleviate income too. She will buy cabbages, tomatoes, beans, eggs and potatoes to sell.
With continuous effort, hard work, and good income, Filomena will achieve a progressive way of life 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.