Prescila, 48, is married to Fortunato and they have two children: Fortunato Jr. (26 years old, and a medical representative) and Jonalyn (22 years old, single, and a recent college graduate. Prescila's husband works part-time as a laborer in their rural village where farming is their major source of income.
Prescila has managed a small sari-sari store (typical village store) for seven years now. She earns around PHP 1000 weekly from the business. Prescila is requesting a loan of PHP 25,000 to purchase a variety of goods like sardines, soft drinks, milk, biscuits, bread, and other basic commodities which are commonly consumed by most residents in her community. Prescila also wants her business to grow and expand into a fish and vegetable vending 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.