Aurora, 50, is a sari-sari store (community-based store) owner in the village of San Juan where she is married to Loreto, a farmer and driver of a passenger tricycle in their village. The couple has three children: Brena, 34 years old, a college undergraduate and already married; Eveth, and the youngest, Loreto Jr., 25 years old, a high school graduate, now helping his father on their farm and with the tricycle operation. Aurora is requesting a loan of PHP 13,000 for the expansion of her business. She plans to sell meat and other products that will cater to the needs of her customers and also to buy more groceries for her store. She is hoping for a continuous development in her business for the benefit of her family. Aurora is saving money for times of emergency and believes that with her dedication, she will somehow become successful, always keeping in mind the axiom, “Try and try until you succeed.”
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.