Grace is 30 years old, and is still a bachelor. She is an industrious sister and a daughter who helps her parents to earn money for their family. She has been running a vegetable-selling business for over eight years.
Grace now wants to sell more vegetables to increase her income but due to financial constraints, she cannot afford to. So she is asking for a loan amount of 20,000 Philippine pesos (PHP) to buy string beans, mangoes, tomatoes, carrots, squash, cabbage and okra to increase her usual sales. She will then be able to afford to finance her family's living expenses and save funds for their future which is very important to her and causes her to sacrifice her own happiness.
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.