Divina is 40 years of age, married to a farmer/carpenter and they are blessed with two children.
Divina has owned and operated a retail store in their village for almost twenty two years and earns a net income of 200 PHP per day. Her profits are spent on their daily expenditures and school allowances for their son. Due to financial constraints she would like to avail a loan amounting to 30,000 PHP to purchase rice grains, coffee, sugar, coffee creamer, vinegar, soy/fish sauce and noodles to sell. She's hoping 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.