Luzviminda, 54 years old, is married and blessed with three children. She has owned and operated a restaurant in her town for almost five years. She wants to receive a loan amounting to PHP 30,000 to purchase ingredients and condiments for her restaurant. Her net per month is PHP 25,000. According to her, Luzviminda also has a livestock business, particularly hog-raising, and it is one of her family's sources of income. Her profits are usually used to purchase hog feed for her hogs.
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.