Alma is a young entrepreneur within her local community. She has owned, and been running, her general store for seven years and is able to generate an income of 5,000 PHP a month. She is now happily married with one child. Alma aspires to succeed in life and with her business. In order to expand her stock of a variety of merchandise such as soft drinks, canned goods, noodles, shampoo, spices, assorted biscuits and detergent soap for her general store, she is requesting for a loan of 12,000 PHP. She knows that through expanding the variety of merchandise she offers, she would be better able to satisfy her costumers' demands, gain better income and minimize her fare expenses in going to, and from, the market where she acquires her merchandise.
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.