Rina P. is 46 years old and makes a living producing soy sauce in her peaceful village, Barangay Natappian West Solana, Cagayan. She is married to Rogelio, who is 45 years old and works as a security guard at the San Miguel Corporation. They are blessed with 5 children: Alexander, 28 years old and a driver-mechanic in Dubai; Primo, 25 years old and a helper in the San Miguel Corporation; Arsenio, 19 years old and currently in his third year of college; Divina Grace,16 years old and a freshmen college student; and Angelica, 9 years old and in grade school.
Rina works hard to make her soy sauce, and delivers it in boxes to general stores in their village and other ones nearby. She currently invests part of her profits in the business and uses the rest to meet her daily needs and pay her children’s tuition fees and school allowances. Rina has applied for this loan to expanded her business, generate a higher income and provide for her children’s future.
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.