Nenita is 58 years of age. She is a business-oriented woman. At her age, all she wants is to have a stable and regular source of income for the financial security of her family.
Nenita owns and operates a home-based store. She has been running this kind of business for 30 years. In this long period of time that she has devoted to her business, she has encountered hardships and difficulties. However, she aims for the continuous improvement of her business. In order to realise her goals, she is asking for a loan of 20,000 PHP. This will allow her to buy some grocery items such as soft drinks, canned goods, instant noodles, vegetables and raw meat. She knows that through a more complete stock of the grocery items that she offers, she would be able to satisfy her costumers' demand and gain better income for her family's future.
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.