Joan Grace is a small entrepreneur from Alcala. She is 25 years old, married and has one child. She has a small store selling grocery items to the people in her village. She usually generates PHP 300 each day, which pays for meals and sustenance of her child. She is now asking for a loan of PHP 5,000 to buy sardines, bread, noodles, and soap to sell. Someday, she hopes to acquire a good income and grow to be a successful entrepreneur for the overall welfare 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.