Nila is 43 years of age, married and blessed with three children. Her primarily source of income comes from a sari-sari store business which sells a variety of goods in her village. She sells breads, beverages, soaps, shampoos, and spices.
Nila’s husband is a farmer, planting rice in their field. Through her income from her sari-sari store, Nila provides their daily food and other household expenses. Her husband's profit from farming goes for the education of their children.
Nila wants to expand the products she sells to her customers in their village. She wishes to gain higher income to provide her children allowances for school. Nila is asking for a loan of PHP 50,000 to buy coffee, sugar, milk and canned goods to sell. She hopes to avail herself of the loan and create good services to her customers.
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.