Arsenia is 56 years old. She is still single but she has an adopted daughter. For the past 11 years, Arsenia has been working hard to manage her small business, which sells a variety of groceries.
To help expand her business, Arsenia has requested a loan of PHP 12,000 to buy coffee, vinegar, soy sauce, bath soap, detergent and breads. This will help Arsenia to generate greater profits and expand her inventory and improve her livelihood. She hopes that in the future, she will be able to start another business where she will be selling wholesale.
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.