Gliceria is a responsible housewife who helps her husband in generating income. She is 48 years old and has three school-aged children. She is running a variety store in their village, selling different grocery items, fruits, and vegetables. She has been operating the business for almost 20 years now. Most of her income is used to pay for food, clothing, and allowances of her children in school. Due to the high cost of commodities and school fees, Gliceria aims to increase her product offerings to satisfy her customers' demands. Due to inadequate capital, she is asking for an additional capital of PHP 10,000 to buy grocery items, soft drinks, fruits, and vegetables to sell in the community. She believes that this loan will enable her to improve the business and she is hoping that she will be successful in the future.
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.