Imelda is 42, and she is engaged in buying and selling fish in the village. She has been in this business for almost 5 years, and she usually receives PHP 250 net income a day from it. Imelda wants to buy more fish to resell, but she has insufficient capital. Therefore, she is requesting a loan of PHP 6,000 to buy more fish. She hopes that through this amount, she could earn more and save for her children.
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.