Lilia is 61 years old, married, and had five children. She is a fruit and vegetables vendor at the public market. She usually gains about PHP 5,000 and it goes for meals and bills at home.
She is now asking for a loan of PHP 12,000 to buy more mangoes and bananas to sell. Someday, with profitable income, she will achieve a prosperous life for her family. She hopes to save funds to use in times of emergency.
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.