Violeta offers bananas, white beans and mung beans within her locality. She has been doing her vending activity for 12 years. She is grateful because through her patience and commitment to improve her sales and profit, she is able obtain it smoothly.
Violeta is now asking for an additional loan of 13,000 PHP (Philippines pesos), which will enable her to buy stock of bananas and vegetable seeds to be sold (white beans and mung beans). She knows that through this additional capital she requested, she could further improve her sales and profit. In addition, she could supply all her customers and satisfy them. Violeta is hoping that lenders will continue to support her financial needs for the continuous growth of 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.