Gina is 46 years old and has two school-age children. She lives in a rural community and runs a small variety store to generate income. Due to unavoidable circumstances, she was separated from her husband. Despite this, she has the determination to support her family and uplift their standard of living. She aims to improve her variety store in order to increase her income and support the education of her children. Due to insufficient capital, she is requesting an additional P15, 000.00 to buy additional stocks of junk foods, canned goods, noodles, candies, beverages, seasonings and soft drinks to sell. She believes that this financial assistance will be a great help to improve the business and hopes that someday she will become financially stable.
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.