Pacita has two children and one of them is attending school. Pacita is widowed and 63 years old, but she can still work hard.
She doesn't want to laze at home that is why she opened up a sari-sari (variety) store in front of her house. After doing her home chores, she manages her store and makes lists of groceries needed. This occupies her daily schedule. From this activity, she generates income from every retail item she sells. She has been engaged in this business for almost one year, and she now earns PHP 300 a day. She uses it for the family's daily consumption and for her child's education and allowance.
Pacita would like to keep improving her business. She is now requesting a loan of PHP 25,000 to buy soft drinks, eggs, breads, soap and shampoo to sell in her sari-sari store. With these grocery items, she will increase the volume of sales from her business.
Pacita hopes to see her small store grow into a bigger one.
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.