Twenty-three-year-old Rose Ann is a hardworking mother who deals in a sari-sari store business. She has run this business for a period of six years. She started this endeavor to earn profit for the development of their living as well as to save for the educational purposes of her two children. She says inadequate capital is the main factor affecting her business. Now, Rose Ann is requesting a loan of PHP 12,000 to buy flour, oil, salt, vinegar, breads, snack food, soft drinks and beverages to sell. In the future, Rose Ann hopes for a comfortable living.
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.