Imelda is a 56-year-old who owns and manages a small furniture making business in her community. With 5 years in this business, she is able to support the studies of her three children. She continues her business to provide a better living for her family.
In fact, she is requesting a loan amount of PHP 10,000 to buy more different woods to produce higher quality tables, chairs and doors. These goods will be a big help in acquiring a higher income each month. She wants to continue increasing her profit in order to achieve success in her business. This will help to improve their living conditions.
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.