Rowena is 45 years old and is married to Romeo, a father who works as a farmer. The couple is thankful because they have been blessed with three children. To generate income, Rowena has been engaged in her general store for nine years and usually earns about 300 Philippine Pesos (PHP) a day. At this time, Rowena is requesting a loan in the amount of 50,000 PHP to buy grocery items such as canned goods, noodles, assorted bread, delicacies, and condiments to sell. Rowena hopes to grow 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.