Nida, 41 years of age, is married to a farmer and they were blessed with two children. She has owned and operated a retail store in their village for almost one year, and she has a monthly net income amounting to Php 3,000. She wants to access a loan amounting to Php 10,000 to purchase biscuits, noodles, canned goods, candies, and beverages to sell in her store. Her profits go to the allowances of her two children.
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.