Nilda is 48 years old, married, and has four children. Her spouse works as a local farmer. She believes that diligence is the mother of good fortune. Aside from raising hogs, she also has a variety store for additional income. She sells sugar, coffee, soap and shampoo to the people in the village where she lives. She has been operating the business for five years. Minimal profit of P2,000 monthly goes to school fees and daily meals. Sometimes, the profit isn't enough to cover all their expenses, especially for the increasing cost of commodities and school fees.
She is asking for a loan of P20,000 to buy soft drinks, canned goods, instant noodles, soap, shampoo and toothpaste to sell in her store. With these additional grocery items, she will be able to increase her sales and generate more income.
In the future, Nilda would like to establish a larger store and make her family economically stable.
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.