Nenita, who lives with her four industrious children, has been engaged in fish selling. This business is her way of helping and providing for the needs of her family.
In order to apprehend her plan of growing her business, she requests a loan of PHP 12,000. She will use it to buy fish and Styrofoam. A portion of this money will be used to buy at least two piglets to raise. With the loan and her hard work, she expects her income to increase, and then eventually that their poor living standards will improve.
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.