Gina is 44 years old and married with four children. She has a “carinderia,” or small eatery, that has been offering “pancit” and viands for more than four years. This is her way of helping her husband as well as improving their living situation. To earn a higher income, she is asking for a loan of PHP 5,000 as additional working capital. This will be used to purchase “pancit” (or noodles), cabbage, pechay, meat and beans in addition to her offered foods. Hopefully, she will improve her family's living conditions. She prays for the growth of her business and hopes to be financially stable in the future.
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.