Olive is 31 years old, and a very industrious mother of two children. She has a business where she sells snacks and groceries in the market. She uses the income she generates from her business carefully, for her business and for her children’s education. In order to increase her income, she is borrowing 15,000 PHP to buy additional groceries such as breads, junk foods, noodles, soft drinks, vegetables, and meat (to cook). She hopes that she can get the amount that she has requested in order to further develop her business.
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.