Remedios, 50 years old, is married to a jeepney driver. They are blessed with three children and they are currently residing in the village of Lalog 1. She owns and operates a transportation business (jeepney). She's been in this business for almost 16 years. Her net income monthly from the business is PHP 5,000.
She would like to avail herself of a loan amounting to PHP 10,000 to pay for the maintenance of her jeepney. She's hoping that her loan request will be granted so that she will be 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.