Through the income from her business, Leticia is able to provide for her two children. She works hard and prays that she can prevail in their struggle in financial matters because most of the time her income, which amounts to PHP 700 daily, is not enough for her family. Now, she is insistent to ask a loan amount of PHP 18,000 to buy more fish, Styrofoam and additional vegetables to sell.
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.