Pricila, aged 54, is patiently managing a sari-sari business in the village. Due to the hardship of life, she set up this kind of business. She aims to improve her small business to support her family, but she suffers with insufficient funds. To settle this situation, she is seeking additional working capital of PHP 15,000 to buy canned goods, noodles, soaps, and soft drinks. She hopes to increase her sales through her product offerings.
She believes that the loan will help her to improve the business and hopes that she will become a successful entrepreneur in the future.
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.