Susan is a mother who owns and manages a small variety store in her community. She is now 52 years old and has two grown-up children. Despite the hardships of living, she has the strong determination to uplift their status of living and give her family a better life.
In this regard, Susan aims to improve her variety store to generate a higher income. But due to insufficient capital, she is requesting an additional loan of PHP 10,000 to buy beverages, charcoal, rice, canned goods, seasonings and frozen foods for sale. Through her patience and strong determination she believes that someday, she will improve the business and make it more profitable in the future.
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.