Due to financial hardship, Laling has been engages in making and selling soft brooms within her community. She is 49 years old and has six children. She and her husband aimed to improve their poor status of living in order give their children a better life. With this regard, she aims to strengthen this business so that she will generate sufficient income. Having inadequate capital, she wants to access financial assistance from KIVA lenders through ASKI an amount of PHP10,000.00 to buy more stocks of tiger grass, rattan and plastics needed in making soft brooms for sale. Being kind and diligent mother, she hopes that someday, she will make her business 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.