Virginia is 36 years old, married to Marcelo and has two children.
She sells fruits and vegetables while her spouse is in a blacksmith business, making knives of different sizes to sell. They both generate income and gain about PHP 10,000 each month. It goes for their meals and school expenses.
Now, Virginia is borrowing additional capital to invest in developing her spouse's business. She is asking for PHP 19,000 to to buy more metals used in making knives for the blacksmith business. It will help increase their income necessary to pay matriculation fees on time. She will also keep diversifying her vegetable vending business.
With hard work and patience in the businesses, Virginia will achieve a prosperous life for her family someday.
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.