Geraldine has been a dealer in fish for more than 17 years. She is separated with five grown up children. Geraldine is business oriented and full of hopes in her life and with her fish vending business.
She plans to change the wheels on her truck (elf) and to acquire more kilograms of tilapia to sell within her local community and nearby municipalities. However, because she struggles with a shortage of capital, Geraldine decided to borrow additional capital amounting to PHP 35,000. She hopes to get this amount in order to gain more income that will enable her to sustain her family's needs, improve her financial stability and have a comfortable lifestyle someday.
Geraldine believes that she could be a better entreprenuer someday because of her dedication and new marketing strategies in delivering the goods she offers. She is looking forward to the continuous smooth flow of her fish selling 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.