Penden is 34 years old. She is married to Arlan and gifted with three children.
Penden owns and manages a business where they sell dry goods such as toothbrushes, slippers, combs, and washing utensils. Their business is situated in lower Magapit where most of the customers are stop-over. She is very lucky because through her hard work, it flows well. She has been in the business for sixteen years and is still doing better.
Penden is now requesting a loan of 50,000 PHP to increase her working capital. She will use the loan to purchase items such as school supplies, slippers, kitchen utensils, and washing utensils, as requested by her customers. Hopefully it will help her to generate more income. Through this, she could help out other people by hiring a companion in selling. She hopes to build a bigger stall for her business in order to be safe from the heat of the sun and rain that usually destroys her goods.
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.