A retail store owner from Annafunan, Gloria patiently generates income from her business to provide sustenance for her family. She has four children, and two of them attend school while the rest have already acquired employment and sometimes help her in times of need. Gloria still wants to acquire a good income by selling more items but she has inadequate capital. She is now asking for PHP 26,000 to buy more merchandise to sell in her retail business. She will buy sardines, noodles, eggs, soap and detergent to sell. Gloria promises to keep extending friendly services to all her customers and will pay back her loan in full. She hopes to generate a good income to attain financial stability someday.
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.