"Patience pays," says Veronica. "Without it, you would not bear fruits to harvest someday," she adds. Her dream is to save for her children's education in college, for she believes that education is the only resource she can give them that cannot be stolen by anyone.
Veronica, 35 years old, is married with three school-age children. She is managing a general store in her village somewhere in Mallig. She rolled approximately 25,000 Philippine pesos (PHP) into the business four years ago. Each month, Veronica's income ranges from 10,000 PHP to 20,000 PHP, including her husband's monthly earnings from his charcoal-making activity.
Now Veronica is requesting a 10,000 PHP loan as additional capital to roll into her store and use to buy stock of groceries such as soft drinks, canned goods, noodles, baked breads, candies and many more. Veronica also wants to buy hog feed, rice and rice bran as added products to offer in the store in order to further increase her income for the future welfare 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.