Shirley is a responsible mother who aims to become financially stable in order support her husband in satisfying their family's needs and supporting the education of their children. Likewise, Shirley aims to improve her business to generate sufficient income for her family. She is 53 years old and has three children. She has owned and managed a variety store near the school campus for almost four years and usually earns a profit of PHP 10,000 a month that she usually spends on their daily consumption and the allowances of her children in school.
She aims to increase her product offerings to satisfy her customers' demand but due to insufficient capital, she is asking for an additional sum of PHP 25,000 to buy junk foods, candies, biscuits, soft drinks, breads and raw ingredients to be cooked and sold on the school campus. She is hoping that she will be able to improve the business through this financial assistance.
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.