Hermetes manages a talipapa (fruit and vegetable stall) in her village that allows her to provide for her family's living expenses. She buy fruits and vegetables at the market and re-sells them in her village. She has been in this business for eight years, and earns about 6,000 PHP each month.
Hermetes is asking for a loan of 10,000 PHP to buy carrots, bananas, cabbages, eggplant, and onions to sell.
Selling more merchandise will help increase her profits, which will improve the welfare of her family.
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.