Nenita is in her forties, married, and has four children. She is engaged in the sari-sari store (convenience store) business, which produces her income. Nenita’s children are in school. Her income from the business provides for her children’s daily allowances in school.
As she manages her business, she learns from her experience, so she is now growing her business. Nenita has been managing this business for two years, and she is eager to continue. Nenita wishes for continued growth of her business. She considers that, by borrowing 50,000 PHP, she can extend the range of products she offers in their village. She plans to buy cases of soft drinks and other beverages. She hopes to increase her income and make her business succeed.
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.