Divina is 43 years old, married to a farmer, and blessed with seven children. They are currently residing at the village of La Paz. She has owned and operated a retail store for almost two years. In this business, she's earning a net income of PHP 5,000 a month. She would like to avail a loan amounting to PHP 25,000 to purchase curls, biscuits, noodles, canned goods, and beverages. She's hoping that her requested loan will be granted so that she can able to 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.