Clarita is a widow woman, with two children. At this time, she is living with one of her grandchildren because her two children are married and living separately from her. Clarita offers different kinds of vegetables and spices at the market of Cordon. In addition, she is also raising two hogs to be fattened. At her age, 58, she would like to have a stable source of income and be able to send her grandchild to a higher level of education.
Clarita would like to take out a loan of PHP 11,000. This will allow her to buy stocks of charcoal, onions, garlic and various kinds of vegetables. She has been doing this marketing strategy because the price of the said vegetables and spices will increase this coming Christmas season. Clarita is hoping for approval of her requested loan amount. In this way, she could obtain her goal in life.
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.