Ofelia, 45 years of age, is married to a farmer and they are blessed with three children. She has been in the food vending business for almost thirty years.
She drives a motorcycle with a side car and roams around their village to sell fish, chicken, and pork meat. By doing this, she's earning a net income of PHP 1,000 daily. Her profits are usually spent on school expenses for their son and food expenses for their family.
Due to lack of capital, she would like to request a loan from generous lenders amounting to PHP 20,000 to purchase fish, chicken, and pork meat to sell. She's hoping that her requested loan will be granted so that her business will continue to grow and become more profitable.
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.