Rexy is engaged in a retail business where she offers salt and fish sauce. She is thankful because for almost six years of involvement in this kind of business, she has been able to generate an income of 3,200 Philippine pesos monthly. Her income is utilized in daily needs, allowances for her three children, and payment of the monthly electric bill.
Rexy is a responsible and loving mother to her three children. She has been doing her best in order to sustain their daily needs and to educate all her children. According to her, "the greatest accomplishment in life is to let our children finish their degrees and have their own best opportunities in life." Rexy knows that her sacrifices will have a fruitful outcome.
Rexy would like to take out a loan amounting to 10,000 Philippine pesos, which will be used to stock salt and fish sauce for her retail business. She hopes to gain more profit, enabling her to maintain her business and improve their standard of 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.