Leonora is 52 years old and married to Lauriano, a farmer. For five years, she has operated a "sari sari store" (the common name for a variety store) in her village, where she sells canned goods, noodles, sugar, cooking oil and spices. Leonora earns 2,000 Philippines pesos (PHP) from her business each week. This income is put back into the operation of her store so it will be maintained and eventually grow to meet her family's needs. She is asking for a loan of 30,000 PHP to buy more canned goods, noodles, sugar, candies, crackers, and soft drinks to sell and to attract more customers to her store.
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.