Nilda is a hardworking mother who is raising her four children to be kind and helpful. She is married to a farmer, while she operates a small store for income. She sells grocery items and is in need of additional capital to invest in buying noodles, biscuits, bread, vinegar, cooking oil and soap to sell. This will help improve her sales and income. She is borrowing 17,000 PHP. She hopes to make her business profitable and gain a good income for her children's education expenses.
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.