Mighty Angel is 25 years old, married and full of dreams for the future of her children. She earns a living by selling cell phone accessories and motor parts and uses her income to improve her family's daily life. She also was able to extend some financial help to her parents. Now she is requesting a loan for PHP 30,000 to invest in her business. She will use this money to buy motor parts and cell phone accessories to sell. She hopes to earn higher income to provide for the financial security of her business and her family.
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.