Milagros is 54-years-old and is married to Rodrigo. To earn a living, Milagros is involved in a retail business. She usually sells bananas in the village of Guam. She has been in this business for five years. Milagros wanted to buy more fruits to sell, but she has inadequate capital. Therefore, she is asking for a loan in the amount of 30,000 PHP to buy more bananas to sell. She hopes to increase her business.
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.