Irene is 30 years old, married, and lives with her husband and two school-aged children in the province of Isabela. She is a very devoted mother and she works hard at providing motorcycle services. She tries to ensure that her passengers are comfortable on the road and arrive on time.
Irene is applying for a loan of PHP 15,000 to buy spare parts for her motorcycle, including new tires. She dreams of earning enough money to repair and improve her house so that her children will have a more comfortable life.
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.