Joan is 36 years old and has three school-age children. She is engaged in buying and selling dried fish in their village to help her husband in generating income. She aims to improve the business and increase her income in order to cover their necessities and support the education of her children. In this regard, she is asking for a loan of P10,000 to buy additional stocks of dried fish and fish sauce to sell. She is hoping that this loan will help her improve the business and hoping that she will make it more profitable in the future.
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.