Rosario has been operating a small store in front of her house at Amulung. She is 49 years old, married and has four children. Two of them still attend school and are supported by Rosario. She is married to Celestino, a farmer in their village. They work untiringly to provide sustenance for the family.
Rosario would like to improve her small store and stock more merchandise to sell and able to increase her earnings too. She is now borrowing a loan of 40,000 PHP to buy canned goods, soft drinks, eggs, biscuits, soap, and shampoo to sell to her customers. Another part of the loan will be used for her spouse's farming business: she will buy fertilizers for the rice crop.
With good profits from their businesses, Rosario hopes to achieve a prosperous life for her family.
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.