Susan manages a little sari-sari store (community-based store) in her village. Managing her store is her way of helping her husband generate income for their family's needs. She sells a variety of goods in her store, where she earns at least 500.00 PHP a day.
To further develop her store, Susan is requesting a loan of PHP 50,000. She plans to use the loan to purchase groceries in bulk that she will sell in her store. She wants to sustain her business because it assists not only their family, but also their farming needs.
Susan is already 49 years old and married to Efren, a farmer in their community. They live in the rural area of Barangay San Juan province of Isabela. The couple was blessed with three children. Susan hopes that with their sacrifices in the businesses, they may able to continue support their children’s education until they finish college.
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.