Nora is 50 years of age and a single mother. She has one child and they are currently residing in the village of Dadap. She has been managing a tailoring business in their village for almost 15 years, earning a net income of about Php 15,000 a month. She would like a loan amounting to Php 20,000 to purchase needed materials for her business, such as threads, pin cushions, pins, laces, and needles. She's hoping that her requested loan will be granted so that her business will become more profitable.
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.