Nora is 40 years old, married, and the mother of two children. For the last 21 years, she has earned a living by operating a sari-sari (or variety) store where she sells items such as canned goods, noodles, candies, and beverages. She earns about PHP 15,000 a month and is requesting a loan for PHP 50,000 to buy items to sell in her store. She will use the additional income made possible by this loan to pay for her daily expenditures and the education of her children.
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.