Olivia is 51 years old, and married with five children. She is a very hardworking mother, and makes sure she can give all the needs of her family, most especially the needs of her children in school.
Olivia has been engaged in a furniture business for ten years. She is asking for a loan amounting to 15,000 PHP to buy wood, a planer and wood glue for 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.