Nolia is hard-working and full of hope in life. She has owned and run a variety store for six years. Nolia would like to have a growing business someday, and she is doing her very best to make that happen.
Nolia plans to buy stock of merchandise such as cooking oil, ingredients, shampoo, detergent soap, and soft drinks for her variety store, but she struggles with a shortage of capital. She is asking for additional capital of 10,000 PHP. She hopes this loan will help her expand her variety store and provide satisfaction to all 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.