Due to financial difficulty, Rone put up a small variety store in their village for his wife to manage. They aimed to improve their source of living so that they will satisfy all their necessities and continue sending their four children to school. As responsible parents, they want their children to become professionals and have stable jobs.
In this regard, Rone and his wife agreed to improve their small variety store, by increasing their product offerings to satisfy their customers' demand. But due to insufficient capital, Rone is asking for additional capital of PHP 20,000 to buy soft drinks, detergent, soaps, canned goods, noodles, eggs, snack foods, beverages and seasonings for sale. He believes that they will improve the business as they continue to work hard and strive harder.
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.