Dionisia is a 42-year-old mother who aims to be successful in life. She was gifted with a child and they live happily in a rural community. To achieve her goals, she helps her husband in gaining income for the sake of their family. She engages in buying and selling vegetables while her husband cultivates their farm land. She wants to improve her business to increase her income, but is unable to because of inadequate capital. She is asking for a loan of PHP 30,000 to buy more stocks of tomatoes, onions, garlic, cabbages, potatoes and sweet potatoes to sell. Being a hard working mother, she believes that she will be able to improve the 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.