Emily, 45 years of age, is married and blessed with one child. Her husband is a farmer and a school canteen vendor. She wants take out a loan amounting to Php 40,000 to purchase additional canned goods, biscuits, candies, noodles, and beverages to sell in her retail store. She has been in this business for almost six years and earns Php 20,000 a month. Her profits are used for the family's daily expenses.
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.