Nora has operated a small sari-sari (variety) store for ten years. She expresses her commitment and full devotion to her business and to her family as well. The profits earned from her business allow her to pay her family's monthly electric bill and to provide for their daily needs.
Nora wants to strengthen her business but has insufficient funds, so she is asking for a loan of 20,000 Philippines pesos (PHP) to buy canned goods, noodles, soft drinks, vinegar, and other basic kitchen needs to sell. She wants to stock more items in her store to meet all her customers' requests. In the future, Nora aims to have a large store to earn higher revenue.
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.