Arcely is a 38-year-old single mother who sells different kinds of snacks that she makes every day. She has been in operation for eight years. She works hard just to meet the needs of her two children. She is requesting a loan of PHP 20,000 (Philippine pesos) to buy cassava, flour, sugar, malagkit rice and milk. She hopes to increase her profits so that she can meet the financial needs and educational needs of her family, improve their poor living conditions and save for emergency purposes.
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.