In order to support the growing needs of her family, Virginia sells a variety of fish in the public market of Camalaniugan, which she has been doing for 40 years. Her weekly gross income is just enough to maintain her business and provide for the family's needs.
Virginia is requesting a loan for 50,000 PHP, which she will use to buy a large volume of fish from nearby municipalities to sell in the public market. She believes that the loan will help her business succeed and improve her lifestyle as she will be able to earn additional profits and save more money.
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.