Mina has been engaged in the food production and sales business for five years. Her spouse is an Overseas Filipino Worker. The couple were blessed with two children. Despite her situation as temporary single parent, she is still able to manage her business and family well. This time, she wants to increase the kilograms of frozen foods and fish she offers within her locality during the harvest season, but she struggles with a shortage of capital. With regards to this situation, she is requesting a loan of PHP40,000. She believes that this amount of loan will help her in fulfilling her dreams in life, most especially in improving 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.