Marta, 52 years old, is married with three children. She has owned and operated a food vending business, specifically selling frozen foods, for almost four years. She is earning a net income of PHP 6,000 monthly.
Marta wants to avail a loan of PHP 45,000 to purchase additional frozen foods to sell. Her profits usually are spent in the daily expenditures of the family. She's hoping her requested loan is granted so she will be able to improve and further expand 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.