Debbie is 55 years of age, married, and has three school-age children. Debbie manages a sari-sari (convenience) store in their village. Among other things, she sells snack foods, soap and soft drinks. Debbie proudly says that she and her husband run the business. They don't have farmland for an additional source of income, but they are doing their best to meet their family's needs.
Debbie's and her husband's priority is to support their children who are in college. They don't waste any opportunity that will help them pursue their children's college level of education. Debbie wants to add new products to those she offers to her customers, but she can't do it because she doesn't have enough capital. Debbie is asking for a loan of PHP 40,000 to buy spices, shampoo, canned goods and beverages, to resell. In the future, Debbie will see her children become degree holders and professionals.
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.