Shirley, age 37, runs a grocery business. She and her husband, who is a farmer, have one child. Her shop allows her to bring in a small income to supplement her spouse's income, and she sells her wares to the people in her village. She acquires PhP 10,000 each month and uses this income to supply her family with meals and to give her child a school allowance.
She would like to make her business profitable but presently has insufficient funds to ensure this outcome. She is therefore asking for a loan of PhP 20,000 in order to buy sardines, noodles, bread, soap, and shampoo to sell in her store. Shirley intends to continue expanding services to her customers to gain more revenue.
Shirley will be happy and proud to see her child become a professional in her career and to attain good employment 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.