Selling grocery items to the people in her village allows Carmelita to sustain her family's need for daily meals. Income generated from the business has been very minimal, so she needs to improve her sales to increase her earnings.
Carmelita has insufficient funds, so she is now asking for a loan of PHP 30,000 to buy canned goods, bottled beverages, eggs and sugar to sell in her store. She would like to earn consistent profits from the business to meet all the needs for the betterment of her family's living conditions.
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.