Belinda is 45 years old, married, and has with five children, two of whom attend school. Her husband is a farmer. Belinda and her husband increase the family income through farming.
Belinda operates a sari-sari (general) store and sells cooking oil, snack foods, noodles, and coffee. She has had her store for 10 years. Through the income she earns from the business, she is able to send her children in school and meet their daily needs.
Belinda wants to expand the products she sells in the village and is requesting a loan of 20,000 PHP to buy beer, soft drinks, sugar, and cooking oil. She knows that the loan will help her access a stocks of goods to sell in the village so that she can minimize her transportation expenses.
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.