Over the years, Angeles has earned a living by working in many different fields, including direct selling and selling frozen foods. Today she earns a living by running a sari-sari (or variety) store where she sells items such as snacks, drinks and spices. She is the 55-year-old mother of two children, and this store is how she supports her family and pays her household expenses. Her goal for the future is to expand her business, and she is requesting this loan for PHP 25,000 to buy dried fish, eggs and canned goods to sell to her customers.
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.