Due to the hardship of living, Luzviminda engages in a vegetable vending business to generate additional income. She is 55 years old and has three adult-age children. She aims to strengthen her business and make it profitable in order to gain sufficient income. To improve the business, she is asking for a loan of PHP 8,000 to buy more tomatoes, beans, okra, eggplant and cabbages to sell. Having patience and hard work, she believes that she will make the business grow.
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.