Maria is 40 years old, married and has six school-age children. She engages herself in the buying and selling of fruits and vegetables in the local community to supplement her husband's income. She is aiming to improve the business and generate sufficient income to support the education of their children and give them a better life.
Due to insufficient capital, she is requesting additional capital of 15,000 PHP to buy cabbages, sweet potatoes, squashes, taro, onions, sayote tops and garlic for sale. Despite problems and difficulties in life, she believes that she will be going to make an improvement in the business through this financial assistance.
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.