Victoria's business is retailing. She has a sari-sari store based in their home. She has been in this business for three years and usually earns about PHP 300 a day. Victoria is now 38 years old, and is married to Arthur, a father who also works hard to bring her children out of poverty.
At this time, Victoria is requesting a loan of PHP 20000 to buy condiments, bread, noodles, eggs and canned goods to sell. Victoria believes that through her patience and hard work in managing her business, her income will increase.
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.