Esther is a 49-year-old mother who sells tobacco and beetle nuts in the market to supplement her husband's income. She aims to make the business profitable in order to earn sufficient income for her family's necessities and to pay for the education of her youngest child.
Due to inadequate capital, Esther is asking for an additional 10,000 PHP to buy more tobacco and beetle nuts to sell. Through patience and hard work, she believes that she will make the business grow.
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.