Dinazon is from the village of Centro 2. She is 51 years old and is married to Renato, a father who helps her to manage their business. The couple is thankful because they have been blessed with one child. To generate income, Dinazon has a fruit vending business. She has been in her business for almost 12 years. She usually earns a minimum net income of 500 Philippine pesos (PHP) a day.
Dinazon wants to expand her business – that's why she is taking out this loan of 50,000 PHP to buy a variety of fruits such as apples, citrus fruit, lansones, mangoes, and bananas to sell. Dinazon hopes to grow her business.
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.