Agnes is 42 years of age, married, and has eight children. Her priority in life is for her children to have a better future. Her only way to achieve her goal is by striving, continuing to operate her business, and sending her children to school through college so that they can become professionals someday.
Agnes does not have any treasure to bequeath to her children; an education is all that she can give them. She hopes to grow her business in order to be able to realize her dream.
Agnes raises ducks in her village. She sells eggs and and balut when her ducks produce eggs. Agnes has been in this business for almost 16 years. She sells her produce at wholesale prices to the vendors in the market. Agnes wants to borrow PHP 50,000 to buy feed to maintain her ducks.
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.