Evelyn offers onions, garlic and fish sauce inside the public market of Santiago. She is 50 years of age and married with one child who currently goes to school. Evelyn's spouse is vendor of towels and foot sacks. The couple both work hard to generate funds for their living expenses.
Evelyn would like to take out a loan of 7,000 PHP (Philippines pesos), allowing her to buy stock of garlic, onion and boxes of fish sauce for her retail stall. She hopes that her business will further improve so she can secure her family welfare and educate her only child. Evelyn believes that this additional capital she requested will help her in attaining her goals in life and 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.