Rosalen, from the village of Bagnos, is 34 years old, single, and lives with her parents. She works hard through her retailing business, which she has had for almost one year. To improve it, she is requesting a loan of PHP 10,000 to buy canned goods, eggs, noodles, soft drinks and assorted breads to sell. Rosalen says that the loan will be very helpful in contributing to the success of her business.
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.