Alma offers balut, snacks, vegetables and smoked fish within her locality. She is 42 years old, and married with two children. One of her children is working while her youngest child is studying. Alma would like to take out for a loan of 10,000 PHP to be used in buying 500 pieces of balut. She knows that her requested loan amount has something to do with the increase of her income.
Alma is looking for continuous growth of her food-vending business so she can educate her youngest child and improve her living conditions.
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.