Estelita has been running a sari-sari store business for 12 years. She sells grocery items and some school supplies in their village. Estelita started the business with PHP 5,000 in capital. She realizes that her income from the business is good and she decided to make her business bigger.
Estelita is 50 years old and has one child. Her husband is a government employee. Estelita wishes that her sari-sari store business would become a mini grocery someday. She will manage the business well for continuous growth. Estelita plans to extend the products she sells to her costumers. She is asking for a loan of PHP 25,000 to buy beverages, bond paper, pens, and other school supplies to sell. Estelita strongly believe that she will attain her wish.
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.