Alicia makes a living by running a general store in the rural village of San Ignacio, Isabela, Philippines. She aspires to have her business grow and be competitive with other stores in her village. She has four children with Monato, her husband, who works overseas. Their four children are all studying. They need to help each other to give their children a good education so that some day all of them will have a good future. Their eldest is now 15 years old and studying in high school with their second child. The two younger children are both in elementary school.
Alicia is asking for a loan to purchase commodities for her general store. She hopes to access a loan of 15,000 PHP, which will surely be very useful in improving her store. Alicia believes that time is gold; thus, they work very hard and help each other in the progress of their daily lives, doing their best not to waste time.
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.