Revelinda is a hard-working woman. She is from the village of Sto. Domingo Echague. Revelinda is 44 years old. She is married and has three children. Her husband works as construction worker. They both work hard in order to have a greater income.
Revelinda plans to buy a new wheel and chain, and to change the oil and sprocket of her tricycle, but the capital intended for her transportation business is no longer enough. With regards to this matter, she is asking for a loan of PHP30,000. She hopes to get this loan amount so she can ensure the safety of her passengers. Revelinda believes that the smooth flow of her transportation business will continue to improve so she can earn a better income for her family's basic necessities and emergencies.
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.