Visitacion is 48 years old and married. For the past 10 years, she has operated a retail shop where she sells a variety of products such as toothpaste, soap, and condiments. Visitacion earns about 3,000 PHP monthly.
Visitacion is requesting a 6,000 PHP loan to purchase additional products to offer the community in her store. In the future, she hopes that her general store will someday become a grocery store.
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.