Mary Jane, age 32, is married and has been blessed with three children.
She has been running her store for four years. She sells basic necessities such as sugar and oil to meet each customer’s needs. She is able to earn about 10,000 PHP a month.
Mary Jane would like to request an additional capital amount of 15,000 PHP, allowing her to restock her retail store because Christmas season will be her opportunity to acquire higher sales. She will use the loan to purchase canned goods, noodles, coffee, and sugar. She hopes her requested loan will be approved in order for her sales and profits to increase. She also hopes that her economic situation will improve through the loan.
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.