Rosita has been standing as both father and mother to her four children for more than 33 years, due to the early death of her spouse. She is glad because, despite her situation as a single mother, she is still able to sustain her family's necessities.
Rosita manages her livestock, farming and junk shop businesses. She is seeking additional capital in the amount of PHP10,000 which will be used in buying more recycled materials to sell, such as empty bottles, empty boxes and iron, and some of the amount will be used to finance her rice field business.
She hopes to obtain this amount so she could continue to improve her junk shop, livestock and farming businesses. In this way, she could earn more income which will serve her family's welfare and the education of her youngest child.
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.