Yolanda is separated and has been blessed with two children. She is currently spending her income on her two students. Yolanda continues to make her grocery store grow. For almost 15 years of operating this business, she has been able to increase the income generated. Thanks to her willingness and effort, she has been able to achieve a stable business. Yolanda tries to keep her customers satisfied by offering a variety of products.
With her previous loan, Yolanda bought products for her store with the intent of increasing her income each day. Being a single mom, she needs to double her effort and time to be able to sustain all the needs of her family. In this way, she can support her children until they will finish their degree course. Yolanda would like to fulfill her dreams in life, so for these reasons, she is asking for a loan of PHP 30,000, which will be use in restocking her grocery store. She believes that she can increase her sales, have more variety and fulfill her obligations to her two children.
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.