Vanessa is a married woman doing her best to supplement her husband's income for the growing needs of their family. She is 25 years old with two children. Prior to her employment in a certain fast food/bakeshop, she manages a retail store. This business still exists, and her mother-in-law looks after it and her children. Vanessa's husband works in a rural bank too in their town.
Vanessa is requesting a loan of 7,000 PHP to buy grocery items such as canned goods and soda for the retail store. She will also use the loan to purchase house materials such as nails and galvanized iron for the initial construction of their own simple house.
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.