Nelita is married woman who sells fruits and vegetables to the people in her village. She earns about 2,000 PHP each month that she uses for meals and to provide revolving capital for her business.
Nelita is requesting a 9,000 PHP loan to buy more fruit and vegetables, such as cabbages, eggplant, and tomatoes, to sell. In the future, she hopes to keep diversifying her business and increase her profits to attain financial stability.
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.