Lolita operates a grocery shop. She is married to a farmer and has one child. She is engaged in selling a variety of products, and she also sells rice in their village. Lolita has been operating this grocery shop for six years now. With her income, she supports her husband to feed their children.
She will use her loan to purchase bags of rice and a variety of grocery items to satisfy her customers. She hopes to use the new profits to expand her business.
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.