Michelle, 29, is married to a welder and blessed with three children. She's been selling fruits and vegetables at the public market in Cauayan City for almost fifteen years. From this business she's earning an income amounting to 10,000 PHP each month. She wanted to request a loan of 40,000 PHP to purchase mangoes and vegetables to sell. She's hoping that this loan will be granted so that she can improve and 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.