Rosita, 54, is happy with her business where she sells variety of products to meet each customer’s demands. She has been running her store for three years and she is able to earn about 200 PHP a day.
She is looking for higher income, which causes her to request an additional capital amount of 14,000 PHP. This will allow her to purchase additional stock such as canned goods, biscuits, sugar and noodles. She knows that obtaining the loan will be of great help to increase her sales. Therefore it will allow her to offer a better living conditions to her children and grandchildren.
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.