Gloria is a mother who aimed to become successful in life. She is 49 years old and was blessed with three children. She owns and manages a variety store in their community to generate income. She has been in the business for almost 10 years and usually earns a profit of only PHP 7,000 a month which she utilizes for their daily consumption and to save some for their future.
She aims to increase her product offerings in order to satisfy all her customers' demands. Gloria is asking for additional capital of PHP 12,000 to buy soft drinks, biscuits, junk foods, candies, mineral waters, beverages, canned goods and seasonings to sell. Through her patience and sacrifices, she believes that she will continue to make an improvement in the business.
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.