Ruby is a hard working mother who is engaged in buying and selling of scrap materials in her community. Her activities help her husband in generating income. She is 46 years old and has five grown-up children. Two of her children are still studying in tertiary education. Ruby and her husband want their children to earn a degree and become professionals someday.
Due to financial difficulty, this couple needs to earn a higher income to satisfy their necessities and to continue financing the education of their children. For this reason, Ruby aims to strengthen her business to earn a higher income. She is asking for an additional capital of PHP 20,000.00 to buy used bottles, steel, used papers, plastics and other scrap materials to sell. She hopes that this financial support will enable her to improve the business and hopes that she will be successful in the future.
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.