Every individual aims to become successful and financially stable in life. Likewise, Gracelyn aims to become successful in the future. She is 27 years old, married and has one infant-age child. Due to the lack of job opportunities, she runs a small variety store in their village to generate income. She aims to improve the business and make it a viable source of income. Due to insufficient capital, she is asking for a loan of 25,000.00 PHP to buy sugar, noodles, canned goods, biscuits, eggs, cooking oils, frozen foods, soaps and beverages to sell. Through patience and hard work, she believes that she will make an improvement in the business and hopes that she will achieve her goals 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.