Avelina lives with her husband and three grown-up children. She has a business selling different products such as canned goods, noodles, coffee and snack foods in her small store located in their community. She has had her store for three years. Through this business, she supports herself and helps her husband cover their household expenses.
Avelina will invest her loan in buying merchandise: snacks, soda, oil, rice and beans for her store. This merchandise will enable her to continue working in her business and support her family. More than anything, she wants her son to study and prepare himself for the future.
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.