Yolanda is a 49-year-old mother of three who owns and manages a small variety store in her village. Her goal is to improve her business and help her husband pay for their children’s education. They want their children to earn degrees and become professionals someday. Despite the hardships in life, they have the determination to improve their business and continue to send their children to school.
Yolanda is asking for a loan of 10,000 PHP to buy soft drinks, shampoo, detergent, snack food, beverages, canned goods, candies, biscuits and seasonings to sell in her store. She believes that through patience and hard work the business will improve and become more viable in the future.
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.