Zenaida is requesting a loan of 20,000 PHP as additional capital for her general store business. Having the requested amount will enable her to continuously manage her store and develop it. Zenaida would like her business to survive so that she can help her family with the difficulties of life. Zenaida is 52 years old and lives in the distant village of Cabisera 25 in the province of Isabela. She is married to Domingo, a farmer. They have four children, some of whom are still studying, while some are unable to pursue their studies due to a lack of money. She is hoping that some of them can finish their studies 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.