Charlie is married and 37 years old. She has a retail shop where she sells various products for daily use. Charlie has had this business for six years already. In the future, Charlie hopes to have a bigger store where she can offer stocks of commodities to her customers.
Currently, Charlie is earning PHP 5,000 from her store, which she spends to finance her family's expenditures. Aimed at generating a bigger income, she is borrowing a loan of PHP 20,000 to purchase commodities like oil, vinegar, soy sauce, canned goods, spices, crackers, candies, breads and many more in bulk to make her retail business more profitable.
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.