Enriqueta raises her four children through her source of income, selling grocery items in their village. She started her business by vending vegetables and meat around their village. She strives to run her business and save some of her profit. When she has enough savings, it will serve as her starting capital to build her sari-sari business.
Enriqueta is also a dealer of soft drinks in some villages near her house. Enriqueta wants to extend the business in the other municipalities, that’s why she decided to borrow a loan of PHP 30,000. She plans to use the loan to buy beverages and sell them in some villages in other municipalities. Enriqueta will run the business well for the continued growth of it.
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.