Espiranza is 31 years of age and married to Warmer. The couple is thankful because they had been blessed with two school-aged children. To raise them, Espiranza is engaged in selling home products in the market of Centro 1, San Guillermo. She has been in this kind of business for almost seven years and earns about a net income of PHP 300 to PHP 500 a day. Espiranza wants to avail a loan amounting to PHP 18,000 to buy new items of home products such as kitchen supplies, slippers and clothes to sell and expand her product offering. She hopes to grow her business and improve her living situation someday.
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.