Rovelyn lives happily with her loving husband and four children. She has been engaged in sari-sari (convenience) store business for five years. This business is her way of helping her husband to provide for the needs of their family. In order to implement her plans to grow her business, Rovelyn is asking for a loan of PHP 20,000. She will use this to purchase canned goods, noodles, breads, cooking oil, vinegar and spices. With the help of these goods, she hopes to earn a higher income that will eventually uplift them from living in poverty.
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.