Elma is a store owner in Bagumbayan. She has been selling grocery items to the people in her village for more than four years now. She did not finish college and only manages a store. She usually gains about PHP 4,000 each month and uses it to pay for her younger sisters' school fees. Elma is 51 and single. She is now asking for a loan of PHP 7,000 to buy sugar, soft drinks, canned goods, and noodles to sell in her store.
This will help increase her sales and income, too.
In the future, Elma hopes to have a stable income so she can help educate some other members of her family.
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.