Carmencita, 51 years of age, is married. They were blessed with seven children.
Carmencita is a vegetable vendor in the village of San Luis. When she sells, she earns a net income of PHP 5,000 every month.
Carmencita requested a loan of PHP 20,000 to purchase vegetables to sell. Her income usually goes to the family’s daily expenditures. She's hoping that her requested loan amount will be granted so that she will be able to gain more income from 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.