Nida is 30 years old, single, and a college graduate, but she has not been fortunate to find better sources of income like a white collar job due to the current employment crisis. So instead of suffering from the difficulty of life, she has built her own business. She is now earning income from buying and selling rice. She has been in this business five years and is slowly reaching progress. To continue this operation, she is asking for a loan amount P13,000 to buy rice as an additional goods to sell. She hopes with the help of this loan she will be able to earn a higher income to improve her underprivileged living.
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.