Michelle lives in the barrio together with her husband and two young children. Her spouse works as 10-wheeler driver. To supplement their income, she established a retail store selling grocery items such as milk, sugar, canned goods and biscuits to the people in the barrio. She had been operating this for almost five years.
She wants to increase her earnings so she needs to stock more items in her store. She is now asking for a loan of P15,000 in order to buy instant noodles, canned goods, beverages and soap to sell in her store.
In the future, she wants to keep making better sales and someday achieve financial stability.
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.