Relita, 50 years of age, is a single mother of two children. They are currently residing in the village of San Fermin.
Relita owns and operates a vegetable-vending business in which she sells onions, ginger, and garlic. She's been in this business for almost 16 years. With this business, she's earning a net income of PHP 10,000 per month.
She would like to avail herself of a loan amounting to PHP 50,000 to purchase onions, ginger, and garlic. Relita also sells vinegar, soy sauce, and fish sauce, for additional income. She's hoping that her requested loan will be granted, so that she will further improve 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.