Lucrecia has already been a widow for 11 years. She serves as the mother and father to her three children. Her youngest daughter Wilma was not able to pursue her studies due to life difficulties. At present, the family stands firm and helps one another to surpass the hardships of life.
Lucrecia is a vegetable vendor in their village. Most of the time, she earns a daily income of PHP 200 that they budget for the immediate needs of the family. She wants to improve her business and for this she is requesting a loan of PHP 16,000. She will use the additional capital to improve her small enterprise. She is hoping that with the financial assistance she is requesting, and through the help of God, she will be able to expand her business and earn a higher income to better provide for the needs of her family. She is thankful that her three children are very responsible and helpful in their poor living conditions.
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.