Narcisa has been selling vinegar and soy sauce in their village. She purchases vinegar and soy sauce in huge containers and retails it by dividing or pouring it into small bottles. From this business, Narcisa is generating a net income of PHP 5,000 monthly which is of great help in providing the needs of their family.
Narcisa is planning to re-open her general store but she has insufficient capital to purchase various commodities. For this reason, she is requestingl a loan amounting to PHP 5,000 to be used as additional starting capital for her retail business. She hopes that with the help of lenders, she will be able to pursue her retail business to provide a better living for her family. She hopes that her loan will be approved.
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.
ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.
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Success!! The loan was 100% repaid