Visitacion is 40 years old, and is busy managing her general store business. She has been in this business for seven years and earns a minimum of PHP 300 a day. Visitacion is married to a farmer who helps her raise their children. At this time, Visitacion wants to expand her business. In this regard, she is taking out this loan of PHP 10,000 to buy canned goods, noodles, beverages, assorted breads and condiments to sell. Visitacion hopes that she can get the amount she requested to further develop 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.