Nenita is 54 years old. She is married and has two children. To make a living, Nenita and her husband provide motorcycle transport services to local community members. She has been engaged in her business for more than two years and earns approximately 300 PHP daily.
As of now, Nenita is requesting a loan of 18,000 PHP, which she will use to purchase oil, wheels and a new sprocket to improve her business. She plans to use the additional revenue generated from the loan to improve the general living conditions of her family.
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.