Relita is from the village of San Fermin. She is 50 years old. Relita is a single parent who has a strong determination to lift up her family from poverty.
Relita is engaged in a food-marketing business. She has a mini-grocery store in the market, where she sells a variety of foods. She wants to expand her business. To make that possible, Relita is requesting a loan in the amount of PHP 30,000 to buy vegetable oil, eggs, ginger, onions, garlic, salt and more food to sell. These additional items would help increase her sales and thus boost her profits. In the future, she wants to provide a progressive life-style for 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.