Julita runs a business buying and selling palay (unhusked rice) and bagoong (fish paste) to earn an income. She works hard with the primary purpose of getting her three children out of poverty. Now that she has expanded her family, she is always looking for ways to generate income for her family so that she can cover all their basic expenses.
Julita is requesting a loan that will provide her with additional working capital in the amount of PhP 50,000, which she will use to purchase palay and bagoong. She is very grateful for the success of her business because she has been able to provide for her family.
Her goal is eventually to earn a higher income, which will allow her to lift up her family from poor living conditions.
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.