Imelda is 42 years old and married. She has one kid who is going in school. Imelda runs a sari-sari (variety) store business in their village. She sells drinks, spices, breads and canned goods. Her goal in life is to continue to send her child to school so they will have a better future.
Imelda could not satisfy her customer’s wants because she had only minimal grocery items to sell. She wanted to increase the kinds of products to sell in their village, but she did not have enough capital to do it. In this connection, Imelda wishes for a loan of P50,000 to buy additional grocery items like eggs, noodles, shampoo and soap.
She hopes to make her store full of groceries to sell that will satisfy her customers needs. Through income she will earn from her business, she will provide her child's basic needs in school and their daily food.
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.