Richel is happy living with her husband and two children. Richel’s husband is an electrician. She desires to maintain the good health and good relationship of her family. She is managing a sari-sari store business. She sells noodles, eggs and bananas. Richel is happy managing her business because she loves what she does.
Richel's goal is to gain higher income and smoothly develop her business for the benefit of her children’s education. She wants to borrow P15,000 to buy additional goods to sell in their village, like salt, coffee, shampoo, soap and toothpaste.
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.