Arlene, 38 years of age, is married and they are blessed with one child. She has managed to sell dried fish in their village for almost 1 year. In this business she's earning a net income of 3,000 PHP.
Due to insufficient funds, she decided to ask for a loan amounting to 10,000 PHP to purchase three sacks of dried fish. She's hoping that her requested loan will be granted so that she can improve her business to earn more profits.
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.