Visitacion is 45 years old, married, and has two children. She sells vegetables, fruits, and fish in her community. She is patiently selling every day to earn and save money for the education of her children.
Visitacion is now asking for additional capital of PHP 13,000 to buy camote (sweet potatoes), bananas, bitter melons, cabbages, tomatoes, and spices to sell. She would like to offer more varieties of merchandise to meet the demands of her customers and to create a good relationship with them. She also hopes to have good sales, so she can further provide for the growing needs of her family.
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.