Belma is 52 years old, married, and blessed with three children. Being a responsible mother, she supported her husband in generating income to satisfy their family needs and finance the education of their children. They aimed to improve their standard of living and educate their children so that they will be employed someday. Due to financial difficulty, they work together to make hollow blocks that they sell in their community. They plan to produce more hollow blocks to sell, but they have insufficient capital. For this reason, Belma is asking for an additional 35,000 PHP to buy cement and sand needed in making hollow blocks. She believes that this loan will help them to improve the business and become more successful in the future.
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.