Sylvia works every day in her business of buying and selling fruits and vegetables. This allows her to meet her household expenses and pay for the education of her five children. She believes that she is doing well in her business because she offers a good quality of commodities to customers. Sylvia is requesting a loan of 7,000 PHP to buy additional bananas, corn, cabbage and fish to sell. These will enable her to improve more her business and become 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.