Carmelita is a simple 55-year-old mother from the mountainous region of Maluno Sur in the province of Isabela in the Philippines. She is engaged in selling a variety of products to the community. According to her, she needs to double her work effort so that she can give the good life to her family. In relation to that, she is asking for a loan of Php 26,000 to buy different products that she can offer to the people in the community. In the future, Carmelita hopes that she can provide all that her family needs.
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.