Emerita patiently manages a village store for ten years. Her family is also engaged in livestock and farming as their alternative source of income. She wanted to avail a loan amounting to PHP14, 000 for the maintenance of her businesses so that she could generate higher income. Having the amount will enable her to buy stock of merchandise to retail in her store and feeds supply for her livestock business. However, her farming is being maintained through her generated income from her store. She believes that hard works is the key to success.
Emerita is already a widow and she was left with her son named Norman. She solely manages their family and she is quite sad because she was not able to provide a good education for her son. At the moment, her son makes an earning out from his tricycle transport 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.