Imelda, 32 years of age, is married with two children. They are currently residing at the village of Villa Luna. She has managed a retail store in their village for almost one year. With this business, she's earning a net income of 3,000 PHP (Philippines pesos) a month. She would like a loan amounting to 15,000 PHP to purchase canned goods, noodles, biscuits, coffee and beverages to sell. She's hoping that her requested loan will be granted so that she can expand her store.
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.