Minerva B. is a businesswoman who roams the village with her styrofoam box filled with fish, pork, and chicken meat to sell to her co-villagers in Ilagan, Isabela. Her husband who currently works abroad gave her the initial capital. But since Minerva does not want to depend on her husband’s remittances she decided to request a loan amounting to PHP 5,000 to have additional business capital. At the moment, Minerva and her son, Berrick Kyle, who is already 9 years old and currently in grade three, are still living in Minerva's parent’s house since they don’t have their own yet. Minerva hopes that they will have their own house someday, beside her parent’s home.
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.