Liza is 40 years old and married with five children. She manages a vegetable production business in which she planted eggplant, squash, string beans, and tomatoes. She has been in this business for almost 20 years, with a daily net income of 500 PHP. She would like a 10,000 PHP loan to purchase vegetable seedlings, fertilizers, and to pay for the land preparation. She is hoping that her requested loan will be granted so that she can utilize it immediately to gain more 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.