Rubyline is 41 years old, married, and has four children. She lives with her family in a village and generates her income through her sari-sari store and food-vending business. She aims to earn more income to provide for her family's needs and save for the futures of her children, but even though Rubyline tried to increase her proceeds, she hasn’t been able to gain much due to poor product offerings. Therefore, she is requesting a loan of 25,000 PHP, which she will use to buy vegetables and meat to cook, as well as canned goods, noodles, canton, drinks, breads, and biscuits to sell in her store. In this matter, she will continuously generate a higher income from her businesses.
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.