Estrella is 59 years old, married and has only one child. They are currently residing in a rural community where planting and harvesting corn and raising livestock are the main sources of income. Due to hardship of living, they are striving to generate income to satisfy their necessities and save some for future emergencies.
Estrella aims to improve the business but she has limited capital. For this reason, she is asking for a loan of P15,000 to buy more stocks of fruit and vegetables to sell. Through hard work and strong determination, she believes that she will be able to make more improvements in the 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.