Neri has managed her retail store for two years. She is married to Randy and they have been blessed with three children who are school-aged. She is glad because her husband is supportive in her decisions for her business improvement.
Neri would like to increase the volume of her merchandise, but the capital she has generated from the business is not enough. This is due to the increased household expenses, school fees and allowances of her children. So, Neri is asking for a loan amounting to P30,000. She hopes that her requested loan will be granted, so that she could attain her goal and support her childrens' education. This loan amount would really help her to uplift their lifestyle from poverty and become a successful entrepreneur someday.
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.