Marites, aged 40, helps her husband in earning an income through buying and selling seafood in the village. She is seeking a loan of 8,000 PHP (Philippines pesos) to purchase more fish and crabs to sell. By offering a variety of goods, she knows that she will improve her earnings every day, so she hopes that her requested loan will be gained in order to increase her income.
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.