Luzviminda is 48 years old and has been operating a sari-sari store for ten years. A sari-sari means variety wherein it has the concept of tingi; a customer can buy 'units' of the product rather than the whole package. For example, one can buy one pc. of candy for a peso rather than a whole pack. She sells biscuits, vinegar and cooking oil in her store that one can buy as tingi.
She was blessed with seven children, all of whom are studying. It is hard to send them all at the same time, but she never feels it is hardship, but instead, she is very inspired to work as she repeatedly states they are her blessings from God to give their needs.
She is requesting a loan amount PHP7, 000 to buy soft drinks, salt, and sugar as additional commodity to her store. She hopes that she will generate more income through these goods to have savings for the education 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.