Virginia is a 45-year-old mother who has two school-age children. Currently, she is a single parent as she is separated from her husband due to family problem and conflicts. Despite this, she has the determination to uplift her status of living to give her children a better life. She is engaged in buying and selling used clothes in their community to generate additional income.
Virginia planned to acquire more stocks of used clothes to sell but she has inadequate capital. In this regard, she is asking for a loan of P 20,000 to buy additional stocks. Through this loan, she believes that she will improve the business and make it a viable source of income.
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.