Margarita supports her family by buying and selling rattan products in her community. She is 58 years old, widowed and blessed with five children. Despite the many hardships she has faced, she is determined to be successful and financially stable in the future. Her goal is to make her business more profitable in order to generate a higher income. She is requesting a loan for PHP 25,000 to buy more soft brooms, baskets and other rattan products to resell. She hopes to use this loan to make her business more viable and 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.