Emma, 27 years of age, is married and blessed with one child. Their family lives in the village of Calaocan. Emma has had a retail store in their village for almost one year. Her net income monthly is 9,000 PHP. Due to insufficient capital, she's asking for a loan of 20,000 PHP. The business has been a great help in developing their living conditions. She is thankful to those Kiva lenders for their previous financial assistance to her business. She would like to continue receiving loans to aid the growth of her business and generate profits to invest in the 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.