Virginia, 48 years of age, is married and has four children. She has operated her retail store in their village for almost two years, and she earns approximately PHP 300 a day. She wants to request a loan of PHP 10,000 from Kiva lenders to purchase noodles, condiments, assorted breads and curls (chips) to sell in her retail store. She is patient and determined to improve her business to supplement the needs of her family. Her profits will be used as additional working capital for 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.