Encarnacion is 50 years old, married, and has seven children. All of the children have settled into marriage and live separately. Encarnacion is married to Edgar, a tricycle (motorcycle) driver. To add to her spouse's income, Encarnacion operates a small store selling grocery items to the people in the village where they live. She has to sell more grocery items to meet all her customers' needs. So, she is asking for P10,000 to buy sardines, coffee, milk, sugar, soap, and shampoo to sell in her store.
Someday, Encarnacion would like to keep generating good profits from their businesses to achieve economic stability and to save funds to use in times of emergencies.
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.