Imelda, 45 years old, is a mother who is willing to sacrifice everything just to give her children a better life. She is engaged in the transportation business using their motorcycle. She has been in this business for four years. This time, she wants to borrow a loan in the amount of PHP 11,000 to buy spare parts, oil and gasoline for the maintenance of her motorcycle. Having this financial assistance from lenders, Imelda hopes to improve her daily income from the transport service she is offering to further meet their daily necessities.
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.