Luzviminda is 32 years old. She is married and has one child. They live in Zamora. She sells fish while her husband manages their rice fields. He also helps her with selling fish within their village. Luzviminda uses her income to pay the electric bill and for her family's daily needs. Due to the high cost of basic commodities, Luzviminda is requesting a loan of 10,000 Philippines pesos (PHP) to purchase fish such as tilapia and milkfish to sell. Luzviminda hopes to increase her profits so that she can sustain the financial needs of her family and save money for the future. She believes that through her patience in managing her business, she will be able to improve her family's standard of living.
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.