Vida Nora engages in dress-making to help her husband in financing the education of her four children. They want them to earn a degree so that they will find a stable job someday. Despite financial difficulty, they have the determination to continue sending their children to school. For this reason, Vida Nora aims to strengthen her business to increase her income.
Due to inadequate capital, she is asking for a loan of P7,000 to buy thread, needles, fabrics, a pin cushion and other materials needed in dress-making. She believes that her loan will help her to make the business viable and profitable.
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.