Imelda has been running her home-based store for seven years. She is indeed thankful because the profits she has generated from her retail business have been useful in bringing up her four children and providing for their basic needs. In addition, she is able to maintain two hectares of rice fields and provide daily livestock feed for the hogs she raises. Imelda really wants to have a continuously high income to be able to sustain the family's basic needs.
Imelda aims to educate her three children, so that they can find better opportunities as they journey through their lives. To realize this dream, she is asking for additional working capital to improve her home-based store. She is requesting a loan of 25,000 PHP which will be used to buy volumes of merchandise to increase her sales. She believes that she can make her dreams possible through the continuous improvement of her business and the financial support of KIVA lenders.
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.