Amelita is from the village of San Juan. She is 47 years old, married, and has two grown children. Amelita owns and operates a general store, selling a variety of different products in the local community. Amelita has been engaged in her business for over three years and earns approximately 4,000 PHP a month from it. Amelita is asking for a loan to gain access to financial services. She believes they will help her improve her living situation and engage in business activities. Amelita is requesting a new loan of 20,000 PHP, which she will use to purchase additional products to resell, such as canned goods, spices, drinks and snack foods.
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.