Rowena is from the village of Guam. She is 52 years old, married and has three children. To make a living Rowena owns and operates a business venture in the retail sector running a general store. She has been in this business for two years and usually earns a net income of PHP 300 a day. At this moment, Rowena is asking a loan of 30,000 Philippine pesos (PHP) to buy drinks, snack foods, spices and noodles for her business.In this way, she can sustain her family's basic necessities.
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.