As a source of income, Mr. D. cultivates their farm by planting rice and vegetables, while Iza engages in the buying and selling of vegetables in their barangay. She uses her small working capital to acquire vegetables from Nueva Vizcaya Agricultural Terminal (NVAT) which she sells retail. With her patience and sacrifices, she is able to earn a net income of 700 PHP per week, which they use to satisfy their needs and to support the education of their three children.
Iza aims to improve her business, but she has inadequate capital. When one of the lending institutions offered their programs in their barangay, Iza voluntarily joined and applied for a loan of 5,000 PHP to have additional capital to acquire more fruits and vegetables to sell in their barangay. She is so thankful to join the organization, because it gives her the opportunity to strengthen her business.
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.
ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.
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