Angeles, 36 years old with two children, lives in the small community of San Pablo, province of Isabela. She has managed a store for three years. Angeles requesting a loan amounting to Php 5,000 to buy canned goods, snack foods, noodles and drinks for her store. In the future, she hopes that her business will expand so that she can cover all the needs of her family.
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.