Gemma is an industrious mother of four. She is engaged in a retail business, and she has been operating this business for 20 years. As a source of income, the store has been a great help to her in sending her children in school.
Gemma loves her business, and she wants it to prosper more. In this regard, she wants to ask for additional capital of 28,000 PHP (Philippine Pesos) to buy grocery items such as soft drinks, breads, spices, eggs, soy sauce and vinegars to sell in the village. She hopes that this loan will help her to improve the business and increase her income to support and satisfy their basic necessities. In the future, she hopes that she will make the business grow.
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.