Prescila is a widow with four grown up children. All her four children have settled down in marriage and are living separately from her. Her husband died due to illness. Prescila started her general store in the year 2003. Profits gained from this business were used to cover all their basic necessities in life and some were used for the medication of her late husband.
Prescila would like to increase her stocks of groceries to further improve her financial stability and to recover for her lost profits. With regards to this situation, she is asking for a bigger capital amount of PHP 40,000. This loan amount would really be of great help most especially in satisfying her customer demand and improving her financial situation. In addition, she could save some amount for her security purposes when she gets weak.
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.