Maria is a mother of five children and married to a farmer. She is now 61 years old, yet still hopes for greater income someday. Her youngest child still attends school in college. With her husband, they plant various kinds of fruits such as bananas, pineapples, and vegetables. She also offers these within their village.
Other than fruit and vegetables selling, she has also managed a general store for 40 years now. In this regard, she would like to ask for a loan to buy stocks of various merchandise for her general store like canned goods, candies, noodles, condiments, and more. She knows that through this additional capital and her hard work, her family will somehow get ahead in life.
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.