A very diligent and hardworking mother, Norma manages a store where she sells different products to the people of her community. She is requesting a loan of 17,000 PHP to buy additional products such as snack foods, spices and drinks for her store. These purchases will allow her to have additional income to sustain the needs of her family. In the future, Norma hopes that her business can expand so that she can sustain the daily needs of her family.
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.