Remedios is 49 years old, married, and has two school-aged children. She and her husband help each other in generating income for the sake of their family. They aim to improve their poor living conditions in order to educate their children and give them better lives. In this regard, Remedios engages in the buying and selling of fruits to her community to generate income. She plans to acquire different kinds of fruits to sell, but she does not have enough capital. Therefore, she is asking for an additional P25,000 to buy additional stock of pineapples, pomelos, bananas, rattan fruits, avocados, and coconuts to be sold in the community. She is hoping that she will make the business grow and profitable 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.