Irene shows patience and determination in achieving her dreams. She would like to give a better life to her family. She did not finish her education. Thus, to generate income, she keeps busy all day long managing her sari-sari store in front of her house. She has been operating this business for almost seven years and she earns approximately PHP250 each day in this business. She has three children. Her youngest is still attending school and might need daily allowances.
Irene is now asking for a loan of PHP25,000 to buy soft drinks, canned goods, sugar, and cooking oil to sell in her store. She needs to stock more commodities in her store to increase the capacity of sales from 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.