Evangeline, 42 years old, and a single mother. She is residing harmoniously together with her parents and daughter in the city of Cauayan. She has owned and operated a grocery store for almost 24 years, earning a net income of PHP 24,000 a month.
She would like to request a loan amounting to PHP 20,000 to purchase sugar, milk, canned goods, beverages, and cooking oil. She's hoping that her requested loan will be granted to gain more income and to improve 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.