Anita, 57, is a hardworking mother who sells assorted items such as candies, frozen foods, junk foods and soft drinks. As a businesswoman, she wishes to have a greater income. In connection to this, she is asking a loan of 14,000 PHP to buy sweets, breads, biscuits, junk foods, soft drinks, embotido and longganisa. Through the loan, she hopes to improve her business and acquire increased income in order to live an enhanced life.
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.