Fe, 40 years old, is married to a carpenter and blessed with three children. They are currently residing in the village of La Paz. She owns and operates a clothing business, particularly selling some used clothes in their village. In this business, she's earning a net income of PHP 12,000 a month. She would like to avail a loan amounting to PHP 25,000 to purchase used clothes to sell. According to Fe, her net income usually goes to the allowances and tuition fees of their children. She's hoping that her requested loan will be granted immediately so that her business will become more profitable.
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.