Demie, aged 32, is patiently managing a sari-sari store in his village. The hardships of living triggered him to set up this business. He wants to improve it to help support his family, but he suffers from inadequate funds. To improve this situation, he is asking for a loan of PHP 10,000 to buy canned goods, noodles, soap, and soft drinks. He hopes to increase his sales through the addition of these products, and believes that the loan will help him to improve the business overall.
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.