Victorina's business is fish selling. She has been doing this for 10 years and usually earns a net income of 500 Philippine Pesos (PHP) a day. Victorina is married to Joel, a father who helps her to sell in the market.
Victorina needs additional capital for her business. In this regard, she is requesting a loan of 12,000 PHP to buy milk fish and tilapia (a Philippine fish) to sell. Victorina hopes to grow her business, for her family's future.
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.