Norie's goal is expand her retail store into a bigger one and to have a complete set of basic necessities. She has run her retail store for ten years.
Norie is married with four children. She would like to keep her retail store stocked up so that she can economize her fare expenses in going to and from the market where she acquires her merchandise. With regards to her business plan, she requests a loan of PHP10,000. This amount would really help to keep her business growing and to be able to let her youngest child finish her studies because education is the only inheritance she could give to her child.
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.