Amelia, 52 years of age, married and blessed with four children. She owns and operates a junk shop which she sells recycled materials such as plastic bottles, old newspapers, and old spare parts of motorcycle/cars. In this business she's earning a net income amounting to PHP 4,500 a month.
She would like to avail herself of a loan amounting to PHP 20,000 to purchase used plastic bottles, and scrap materials to sell. She's hoping that her requested loan will be granted so that she is able to improve and expand her business.
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.