Carmen is from San Miguel and there she runs her general store selling a variety of different products. She has been running this business for seven years. Carmen is married to Domingo, who is a farmer. The couple were blessed with four children. The eldest is already working, the second is still searching for a job and the other two are still studying. Carmen hopes that she can support her two children in finishing their studies.
Carmen plans to purchase a variety of merchandise but her capital is no longer enough due to her expenses in her hog raising and fishpond business. For this reason, she is requesting a loan of PHP 10,000. She knows that this amount of loan would really be of great impact in improving her general store and two other businesses.
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.