Elena is a 36-year-old who is engaged in the buying and selling of vegetables. After over a year of experience in this occupation, she can say that she has enhanced her family’s lifestyle. To further the growth of her business, she is asking for a loan in the amount of 10,000 PHP to buy additional vegetables such as squash, eggplant, and beans to sell. She hopes that it will attract more customers who will then continue to buy her goods. With the loan, she will nearly reach her goal of lifting her family out of poverty.
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.