Avelina is a responsible and loving mother to her two children. She established a business selling basic necessities such as fish paste, vinegar and cooking oil. She also operates a piggery business. With these kinds of businesses, she earns about PHP 8,000 each month. She utilizes the income, which is deficient to cover their daily needs, to pay for electric bills. The same is true with her pigs.
She would like to increase her income and stock more items to sell but she has insufficient capital, so she is requesting PHP 35,000 to buy groceries such as canned goods, noodles, fish paste and cooking oil, and also feeds for her pigs. With her continuous operation of the businesses, she hopes to further expand her income to lift her family out of poverty.
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.