Joan is 22 years old and has three infant-age children. Due to the hardship of living, she was engaged in buying and selling of fruits and vegetables to help her husband in generating income while she took care of her three kids. They aimed to improve their poor living condition in order to educate their children and give them a better life. In this regard, she planned to improve her business and make it a more viable and profitable source of income. Due to financial difficulty, she is asking for an additional capital of PHP 10,000 to buy additional stocks of pineapples, garlic, bananas, avocados, hot peppers, gingers and coconut for sale. She believes that this loan will enable her to improve the business and hopes that she will be successful in the future.
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.