Gregoria, a responsible mother and wife, manages her small store at Enrile. She patiently sells grocery items at retail and extends good services to her customers. She is now 54 years old, married and has two grown-up children.
Gregoria would like to increase her merchandise so her income will increase, too. She doesn't want to rely on her children's remittances. Gregoria had an inadequate fund and would like to borrow a loan of PHP 15,000 to invest in buying more merchandise to sell. With her loan, she will buy noodles, eggs, breads, canned goods, and soft drinks to sell. This will help increase sales capacity.
Aside from gaining profits from her business, she also ensures to give friendly services and good products necessary in developing her small business.
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.