Rosemarie, 45 years old, is married to a farmer and they blessed with four children. She's been selling vegetables in their village for almost 13 years. In this business she's earning a net income of Php 5,000 a month. She would like to avail herself of a loan amounting to Php 10,000 to purchase vegetables to sell such as string beans, eggplants, squash, and cabbage. She's hoping that her requested loan will be granted and her business will become profitable so that she can 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.