Letecia is 41 years old and is married but was not blessed with a child. Despite this, she maintains a good family relationship. Letecia and her husband are aiming for a happy and successful life having their own house in which to live more comfortably and a viable business to manage. In order to achieve their goals, they help each other in generating income.
Letecia engages in buying and selling fish in their community while her husband cultivates their farmland by planting corn and vegetables for sale. She planned to improve her business to increase her income but, due to insufficient capital, she is asking for a loan of PHP 20,000 to buy more stocks of fish to sell. Letecia believes that her loan will enable her to improve the business and is hoping that she will become successful in the future.
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.