Valentina is 44 years old, married and has five children. Valentina plants and sells vegetables. Fish and meat also are add-ons offered during her selling to the people around her village. She usually gains about 10,000 PHP (Philippines pesos) each month, which goes for the education expenses of her children and the remaining amount served as additional revolving capital in her business. She would like to increase her sales with her earnings; that is why she is asking for a loan to buy fertilizers and insecticides to use for her vegetable planting and harvesting. Someday, Valentina hopes to maintain a good flow of sales and will keep offering affordable yet good products and services to her customers.
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.