Norma is 49 years old, married and has three children. She is a vendor and sells firewood and charcoal to the people in her village. She buys firewood and charcoal at a wholesale price and sells them at retail. She has been in this business for over ten years now. She earns about 10,000 PHP each month which pays for matriculation fees and daily expenses.
Norma would like to increase her income, which is why she is asking for a loan of 20,000 PHP to buy more firewood and charcoal to sell. This will help her make good sales and income for the family.
Norma hopes to keep providing a good education to her children. She will be happy and proud to see all her children with good employment some day.
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.