Estela is 48 years old and married with three children, all of whom are in school. She works very hard to provide for them. For the past 12 years, Estela has operated a retail business. She is thankful for the income she has generated through her work as it has been a great help for her children's education. Estela's major business challenge is the lack of adequate capital.
Estela is requesting a 10,000 PHP loan through ASKI to purchase more fish, vegetables, and vinegar to sell in the market. She knows that with her loan and her hard work, she can increase her profit to make her business successful and continue to provide for her children's education.
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.