Virginia lives in Liwan Sur with her spouse and three children. She manages a small store which she relies upon for income. Virginia's spouse is a rice farmer. They work untiringly to acquire income for the education of their children. Now, Virginia would like to increase her sales for additional income, so she is asking for a loan of PHP 15,000 to invest in her store. She will buy soft drinks, canned goods, eggs, milk and sugar to sell in her store.
With continuous profits from their businesses, she hopes to gain enough funds for her children's education. She will be very happy and proud if they will finish a degree someday.
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.