Peñafrancia is 30 years old and raises her family in their community. She aims to educate her children and give them a bright future. Despite the hardships of life, Peñafrancia is striving hard to earn income for the improvement of their lives.
She is currently engaged in selling fish and shrimp in the village. She usually earns profits of PHP 200 a day that she uses to purchase their necessities needed every day.
Peñafrancia is asking for a loan of PHP 7,000 to buy fish and shrimp to sell. She hopes that through this loan, she can continuously acquire and provide a better 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.