Reynalda is 54 years old and owns a sari-sari (variety store) in her community. In the five years she has owned this business, she has been able to support the studies of her five children. She says she is thankful to our creator's help and assistance. She continues her business to provide a better living for her family.
She is requesting a loan amount of 20,000 Philippine pesos (PHP) to buy canned goods, noodles, eggs and biscuits to sell in her store. These goods are a big help in acquiring a higher income each month. She wants to continue increasing her profit in order to achieve success in business. This may cause her living condition to improve.
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.