Milagros is hard-working and a business woman. She is happily married with four grown-up children. Three of her children are married while the other one is business oriented. Milagros' earned income goes toward their daily consumption and monthly payment for water and electric bill.
Milagros sells rice and in the evening she sells 'balut' (a Filipino delicacy with eggs) at a bus terminal of Victory liner. She is grateful because she is able to run her business smoothly. This time, Milagros plans to increase the bags of rice she offers and buy sacks of charcoal as an additional source of income. But her capital is no longer enough with regards to this situation, so she is requesting a loan of PHP 20,000. She hopes for continuous progress of her rice retailing business so she can satisfy customer demand and have a better way of life someday.
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.