Rowena is 34 years old, and her husband is an overseas Filipino worker (OFW) in Saudi Arabia. They have one child. She has a business selling some bags of rice in their village. In this business she's earning a net income of PHP 10,000 a month. She would like a loan of PHP 50,000 to purchase bags of rice to sell. She's hoping that her requested loan will be granted so that she can utilize it properly and improve 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.