Amelia, a 46-year-old married mother of five, is engaged in a retailing business. A responsible mother, Amelia has been operating her enterprise for 20 years and wants to continue growing it. She is therefore requesting a loan of PHP 18,000 to buy canned goods, noodles, assorted bread, condiments and beverages to sell. Amelia hopes that she can obtain her loan in order to improve 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.