Her husband manages their farm where most of their crops are rice and vegetables. To support her husband financially, Emily set up her own business which is a sari-sari store (community based store) in their village. She is glad that she can earn a monthly income of PHP4,000.00 which she budgets to meet their daily needs and tuition fees and allowances of their children.
She is now asking to borrow PHP17,000 from the KIVA lenders. She will use the loan to buy more grocery items and other commodities which are commonly needed in their village. She believes that with this financial assistance she can improve her small sari-sari store and support the schooling of her children.
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