Renalyn is 44 years old, married and has two school-age children. She and her husband aim to improve their livelihood in order to provide the daily needs of their family and support the education of their children.
To earn a living, Renalyn is engaged in the charcoal business in the village. To grow her business, she borrowed a loan of PHP 5,000 to buy more charcoal to sell. She believes that the loan will enable her to improve the business and hopes that, someday, she will make her business more profitable.
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.