Nenita is 50 years of age. She is widowed and has one child. Despite her situation as a single parent, she is still able to cover all their household expenses. Nenita dreams of having a viable source of income and a better way of life.
Nenita sells rice in the market. She has been running her rice retailing business for more than 14 years. Nenita wants to increase her profits, so she is asking for a loan of 30,000 Philippine Pesos (PHP), which will allow her to buy more rice to be sold. She hopes and prays that her requested loan amount will be granted so she can earn greater income, which will enable her to improve her way of life and become a successful entrepreneur someday.
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.