Carlyn is 22 years of age, married, and has one child. She sells a variety of frozen foods, and has been in this type of business for three years now. Her main goal is to increase the amount of frozen foods she offers, but does not have enough money, so she is requesting a loan of PHP 5,000 to buy more frozen foods to sell. She knows that with this loan she could improve her financial stability and educate her child.
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.