Angelita, 45 years of age, is married. They are blessed with four children. She has owned and operated a retail store in their village for almost five years. In this business, she earns a net income of PHP 800 per day. Due to insufficient capital, she decided to ask for a loan of PHP 18,000 to purchase coffee, sugar, cooking oil, bread, noodles, canned goods, and beverages. She's hoping that her business will continue to improve and become more progressive.
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.