Grace is 42 years old and has been running a grocery store for the past six years. She is proud to have improved her family’s lifestyle. To ensure continued improvement in their life, Grace conducts her business with patience and perseverance. She is requesting a 20,000 PHP loan to buy additional groceries to sell, such as noodles, soft drinks and biscuits. She hopes her loyal customers will continue to buy her goods, which will help her lift her family out of poverty.
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.