Gilda, 50 years of age, is married and blessed with four children. She has been managing a vegetable vending business for almost two years and she has a net monthly income of PHP 2,000. She wants to avail a loan of PHP 15,000 to purchase vegetables to sell in the village. Her profits are usually spent for the improvement of her business. She's hoping that her requested loan will be granted so that she will able to gain more income.
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.