Petra is a housewife and small entrepreneur who lives in Cataggaman with her family. She runs a small store inside her house. Petra generates about 10,000 PHP each month. Being friendly to her customers, she also extends credit on her merchandise, but she ensures to collect it on weekends to use it to buy stocks.
Now, Petra is borrowing a loan of 50,000 PHP to buy more grocery items such as soft drinks, canned goods, rice, eggs and bread to sell in her store. She aims to keep diversifying her business in order to achieve a better quality of life. Petra's photo was taken inside her store while she was busy arranging her stocks.
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.