Mario is 47 years old and is married. He operates a "sari sari" store, the common name for a variety store, in his village where he sells canned goods, noodles, sugar, cooking oil and spices. He has had this business for three years. Mario earns PHP 2,000 from the business each week which he puts back into the operation of his store to maintain and eventually grow it for his family's needs. He is asking for a loan of PHP 25,000 to buy canned goods, noodles, sugar, candies, crackers and soft drinks to attract more customers and generate more income.
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.