Renalyn, age 27, sells vegetables in her village. She and her husband Joey have three young children and live in Estefania. Joey buys and sells junk items and other recyclable products for profit, while Renalyn is engaged in her vegetable sales venture. From their two businesses, the couple earns PhP 10,000 each month.
Renalyn would like to sell more vegetables, which is why she is borrowing PhP 17,000 to buy cabbages, tomatoes, and string beans to offer for sale. Part of the loan will be used to buy more junk items. The additional revenue generated will be invested in their children's education.
In the future, Renalyn hopes to see both their businesses thrive so that they can achieve a progressive life for the family.
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.