For the last nine years, Minda has earned a living by running a variety store. She has experienced many difficulties and hardships while doing this, but is determined to continue and expand her business. Her husband earns a living by farming and raising hogs, and she is very grateful for the way in which he has supported every decision that she has made. The couple has two children, both of whom are in school. Her dream for the future is to keep them in school so they can finish their studies and find better opportunities someday. Maria is looking for a way to strengthen her business because her household expenses are going up . That is why she is applying for a loan for PHP 10,000 to buy more groceries to sell in her store. She knows that this loan will increase her profits because it will allow her to do a better job of satisfying customer demand and encourage more people to shop in her store.
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.