Alma is a simple entrepreneur. She sells different fruits and vegetables in her village, using her improvised cart. She is 41 years old and married to Gilbert, a carpenter. They live peacefully in the village of Rizal with their two children: Algietfae and Janefpypper. Alma is thankful that they have a healthy family. She wants to improve her business and, she hopes, put up a small store one day, so she can have additional income.
Now, she wants a loan of at least 11,000 PHP as business capital, which she will use to buy fruits and vegetables to resell. According to Alma, through her good relationship with her customers, she is able to generate a good income. Someday, she is also planning to engage in rice vending. She hopes that through her business, she can continue to provide the school allowance for her children, and they can finish their studies.
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.