Rosel is a hardworking mother who manages a vegetable stall. She has been selling food to the people in her village for over 10 years now. She has four children and her spouse helps her manage their business. She would like to keep improving the business and keep it selling, so she is asking for a loan of PHP 10,000 to invest in expanding her merchandise stock. She will buy cabbages, potatoes, eggplants, onions and bananas to sell. Rosel can gain more income if she will keep extending friendly services and good products to all her customers.
In the future, Rosel would like to earn good profits and have a stable income for the education 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.