Yolanda is married and has seven children. She describes herself as industrious, intelligent, and honest. She operates a rolling store where she sells onions, tomatoes, fruits, and cabbage. She has been involved in this business for three years. Her primary customers are local households and travelers. She describes her biggest business challenge as inadequate space for her business operations. She will use the 11,000 PHP loan to purchase fresh produce and maize to sell. Her business goal is to become involved in the sale of ready-made clothing within five years. She hopes that in the future, she will be able to improve the standard of living of her 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.