Perla is 50 years old and married with three children. To sustain their daily needs and sustenance, Perla manages a store in which she sells grocery items at retail. She usually gains PHP 3,000 each month. Perla is now asking for a loan of PHP 13,000 to invest in expanding the business. She will buy soft drinks, biscuits, noodles, eggs and bread to sell. Though she only has a small business, Perla has a big heart in making her family live fortunately.
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.