Rubylyn, 43, is married and resides at Sta. Ana. She has been making and selling charcoal for more than five years, earning approximately PHP 200 per day. In order to improve her income, Rubylyn is requesting a loan of PHP 7,000. She will use the loan to purchase hard woods, from which she will make additional charcoal to sell. By doing so, she will be able to generate extra income to support her family.
She would like to expand her business in the future, and help her children in their education.
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.