Gemma is married and 42 years old, with three children whom she sends to school. Her husband is a farmer who plants and harvests rice. Gemma runs a sari-sari store (convenience store) in which she sells products like coffee, sugar, breads, and cheese curls.
Gemma requests a loan of 15,000 Philippines pesos (PHP) to buy vegetables such as string beans, eggplant, and bitter gourd for additional products to sell in her village.
Gemma's goal is to gain additional income from her business in order to continue sending her children to school through college. She hopes that the loan could help her attain this goal and see her children wearing professionals' uniforms someday.
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.