Adelina, 59, is married and has nine children, all of whom are already married. She has owned and operated her vulcanizing shop for almost 18 years and earns PHP 22,500 a month. She is requesting a loan in the amount of PHP 30,000 to purchase an electric motor for her shop, in order to improve her business. According to Adelina, she earned money for two of her children to go abroad to work there as overseas Filipino workers.
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.