Arlene, 36 years old, is married and they were blessed with three children. She has been a retailer of soy sauce and vinegar for almost one year. Together with her husband, she sells their commodities in different municipalities. She wants to access a loan amounting to Php 20,000 to purchase bottles to use in selling soy sauce and vinegar. Her monthly net income is Php 6,000. Her profit usually goes to their daily expenditures and to the allowances of their children going to school.
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.