Ofelia is from the peaceful village of Sta. Cruz. She is 53 years old, and is married to Mamerto. The couple is thankful because they had been blessed with four healthy children. To support her family, Ofelia is engaged in selling vegetables around their village. She has been in this business for three years, and earns PHP 2,500 a week. She wants to expand her business. To this end, Ofelia is asking for a loan in the amount of PHP 30,000 to buy more onions to sell. She hopes that she can obtain the requested loan to improve her business and give her children a good quality of 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.