Carmela has been involved in a fish vending business. She is 44 years old and married with four children. Her main goal is to increase her sales and income so she is asking for a loan of PHP 18,000 to buy squid, tanigue and anchovies to sell within her local community. She has been in her fish vending business for 15 years. Carmela believes that someday, she will keep her business through continuous access of financial services and hard working.
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.