Evelyn is from the village of Centro 2, Angadanan. She is 58 years old, married, and has five children. To support her family, Evelyn is engaged in the retail business. She has been in this kind of business for 30 years. Evelyn usually sells vegetables, hats, slippers, and groceries. She has a net income of PHP1,500 a week. At this time Evelyn needs additional capital to continue to run her retailing business, so she is asking for a loan in the amount of PHP 10,000 to buy vegetables, slippers, and groceries to sell. Evelyn hopes to grow her business as well as her family's standard of living.
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.