Fe has three children. At her age of 49, she is already a widow. Fe is running a vegetable vending business in the market. Through her business, she is able to send her children in school and finish their education.
Fe’s goal in life is to have earnings for whatever emergency will happen to her. She has savings to get. Fe wants to gain higher income than her usual income from the business. She plans to sell additional various vegetables in her stall. Fe is asking for a loan of PHP 20,000 to buy bitter gourd, eggplant, tomatoes, and string beans. She hopes to achieve her goal in life and increase her income.
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.