Romelita is 54 years old. She is married and has six children.
Romelita started her business by selling vegetables. She bought vegetables in the markets and made rounds in their village. When she got tired of making rounds with her vegetables, she decided to put up a small sari-sari, or general, store in her village. She has been in business for 20 years.
Romelita sells biscuits and beverages. With her determination to gain additional profits, she also cooks glutinous cake to sell. Romelita would like to borrow 17,000 PHP in order to buy spices, canned goods and soft drinks for her sari-sari store business. Romelita hopes to improve the business and increase her profit for her family’s 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.