Estelita is a hard-working mother who is engaged in buying and selling fruits and vegetables in the market to supplement her husband's income. She is 54 years old and blessed with seven children. Three of them are still studying and they want them to earn a degree so that they will be employed some day.
Due to the high cost of school fees and transportation, Estelita aims to improve her business to increase her income. Due to inadequate capital, she is requesting an additional PHP 12,000 to buy more stocks of onions, garlic, calamansis, ginger, squash, egg plants, oranges and cabbages to sell. She mentioned that this loan will be a great help for her in her effort to improve the business and she is hoping that she will make the business grow and become more profitable. In the future,she hopes that all her children will become professionals and have an stable job.
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.