Liberty is 53 years old and operates a sari-sari store. She sells canned goods, cooking oil, and soft drinks. She has had this business for three years. She is aiming for a higher income to improve her family's living conditions, but she suffers from insufficient funds. So, Liberty is now requesting a loan of PHP 10,000 to buy stocks of canned goods, shampoo, bath soap, and beverages. Liberty hopes for the further improvement of her business in order to achieve better living conditions.
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.