Daisy is a 48-year-old mother who aims to improve the standard of living of her family and become financially stable. She has three school-age children and wants them to finish their studies so that they can become professionals. Despite the difficulties of daily life, she and her husband help each other to achieve their objectives. Her husband patiently manages their rice farming business while Daisy manages their variety store.
She aimed to increase her product offering to satisfy her customers' needs, but due to insufficient capital, she is asking for an additional PHP 19,000 to buy soft drinks, rice, canned goods, frozen foods, charcoal and vegetables to sell in her store. She believes that this loan will help a lot to improve her business.
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.