Joan is a responsible mother and housewife who operates a hollow blocks manufacturing business to support her family's needs. She is 29 years old and has one child. At this moment, she feels very anxious because she cannot afford to fill the orders of her customers, and a customer is the lifeblood of her business. In this regard, Joan requested a loan of PHP 25,000 to purchase cement and stones to make hollow blocks. She just hopes that her requested loan will be approved in order to fill the orders of her loyal customers.
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.