Alona, 33 years of age, is married to a truck driver and blessed with one child. She has owned and operated a retail store in their village for almost six years. With this business she's earning a net income of PHP 500-700 daily. Her net daily profit was spent on purchasing hogs to raise, and hog feed, for additional income. Due to insufficient funds, she would like to avail herself of a loan amounting to PHP 15,000 to purchase sugar, coffee, cooking oil, biscuits, and beverages 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.