Leticia is a 60-year-old who has been engaged in buying and selling fruits and vegetables for 25 years. She usually earns 700 PHP (Philippines pesos) within two market days, but this is not enough to provide for the needs of her family. She wishes to improve her business through a loan amount of 7,000 PHP to buy bananas, eggplant and string beans as additional goods to sell. She hopes to gain more profit.
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.