Estrelita is 56 years old and widowed with five children. She has been a grocery store owner for over 25 years. She is earning PHP 7,000 a month which is not enough to support her family. Despite this, she continues working hard in order to earn a higher income. She is requesting a loan amount PHP 50,000 to buy groceries such as biscuits and canned goods and soft drinks, and dry goods, such as slippers, as additional items to sell. She hopes to earn a higher income so that she can cover all the expenses of her five children. Regardless of hardship in finding money, she’s not giving up. She strives instead to provide for the needs of her children.
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.