Clarita manages a sari-sari (variety) store and lives serenely at Estefania with her husband and two children. Clarita's family relies on her husband’s farming business and her retail store – which she has been running for over five years – for their income. She wants to keep earning a good income from her business so she can provide a good education for her children but she lacks funds to buy more merchandise to sell, so she is asking for PHP 50,000 to buy canned goods, biscuits, eggs, bread and noodles to sell. This will help increase her sales capacity.
Clarita promises to be responsible for paying back her loan. She hopes she and her husband will keep making good profits from their businesses so they can achieve a prosperous life for their 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.