Jacqueline is 49 years old. She is married, with three children. She has been engaged in her sari-sari store for three years and earns about PHP 300 a day. Jacqueline needs additional capital. That is why she is taking out this loan amounting to PHP 10,000 to buy additional stocks of groceries such as canned goods, noodles, condiments, candies and biscuit to sell. Jacqueline hopes to improve her business to secure her family's future and continue sending her children to school.
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.