Milagros is 57 years old, happily living with her husband and one child. Together with her husband, she manages a business making hollow blocks for a living. For 10 years, the business has served as their main source of income. They use the profits to send their child to school and to meet their daily needs. She is asking for a loan of 5,000 PHP to buy cement and sand to make hollow blocks. Milagros will be very thankful if she will be given the chance to receive the requested amount.
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.