Lina Fe is 48 years old, married and has five school-age children. She buys and sells eggs and dried fish in the market to supplement her husband's income. Due to the high cost of commodities and school fees, she aims to increase her income and improve her business. This will allow her to continue sending her children to school.
Due to inadequate capital, she is asking for an additional PHP 25,000 to buy additional stocks of eggs, dried fish and vegetables to sell. She believes that this financial assistance will help her to improve her business. She hopes that someday she will make the business grow and all her children will become professionals.
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.