Estrelita considers the education of her children the best treasure she can give to them because it will not fade away. She is 48 years old and married with four children. Two of them are married; one is working; and one is a college student.
Estrelita is grateful because her husband helps her in raising their children. She has managed her community-based sari-sari (variety) store for almost 17 years and she earns about 2,500 Philippines pesos monthly. Her husband is a farmer and, at the same time, he operates his transport motorcycle.
In order to increase the volume of stocks in her community-based sari-sari store, Estrelita would like a loan amounting to 35,000 pesos. This will be used to buy different kinds of groceries such as soft drinks, Nescafe, sugar, ingredients and canned goods. She hopes that through this additional capital she requested, she could be able to increase the income she generates and save money for the schooling of her college student.
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.