Carmencita is married and they have been blessed with seven children. At the age of 52, Carmencita is determined to earn more income for her family. Vegetable vending is her business from which she earns a net daily income of PHP 300.
Due to her lack of capital, Carmencita is asking for a loan amounting to PHP 20,000 to purchase five kilos of eggplant and 10 kilos of string beans to sell. She's hoping that her business will become more profitable and more productive.
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.