Lucia is a hard working mother who buys and sells vegetables in the local community. She is 44 years old, married and has two school-age children. Due to the hardships of living, Lucia aims to improve her business and generate sufficient income to finance the education of her children and satisfy their daily needs. To improve the business, she wants to buy more vegetables to sell but since she has inadequate capital, she is asking for 10,000 PHP to buy additional stock of tomatoes, carrots, cabbages, onions, eggplants and beans. Through this loan, she believes that she will improve the business and improve their status of living as she continues to work hard and strive for it.
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.