Nancy is a widow with two children. Her eldest child has settled for marriage already and the youngest is still studying. It's been 20 years since her husband died due to hypertension.
Nancy doesn't only focus on selling various kinds of groceries. Instead, she also offers different kinds of frozen foods to complete the basic commodities needed in her village. She would like to buy more stock of groceries such as soft drinks, canned goods, shampoo, junk foods and assorted biscuits for her variety store because Christmas season is approaching. For this reason, she is asking for a loan of PHP 15,000. She hopes and prays that her variety store will flow smoothly so she can earn a better profit, which will enable her to improve their standard way of living and save for mergency purposes when she gets weak.
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.