Milagros is a responsible mother, who is engages in vegetable vending to support her husband, generating income for their daily consumption and saving some for their future.
She is 56 years old, and has four grown-up children. She aimed to earn and save more income to help her children in financing the education of her grandchildren and satisfying their necessities. In this regard, she is requesting for additional capital of PHP 10,000.00 to improve her business.
She planned to spend the loan in buying more stocks of vegetables, meat, fish and frozen foods for sale. Through patience and hard work, she believes that she will make the business more profitable in the 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.