Herminda is 50 years old, married and has three children. To acquire income for the family, she buys and sells rice, vegetables and fish. She has been in her business for over five years now and earns about PHP 6,000 each month. She also raises hogs for future sale.
She is now asking for additional capital of PHP 8,000 to buy sacks of rice, vegetables and fish to sell. This will help improve sales for the development of her business. Additional revenue generated will be used for education purposes and hogs' sustenance.
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.