Rema is 38 and managing her own business in Aparri. She has a small place allotted in the market where she sells different kinds of tires. This serves as her main source of income. She has been engaged in her business for more than ten months and earns approximately PHP 5,000 a month for this activity.
At present, she is requesting a loan of PHP 25,000 to purchase tires and a stock of motor oils. She hopes for additional income this time, in order to save for her three children and as a reserve for future emergencies.
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.