Zenaida is a homemaker and has two children. She is 37 years old. To gain income, she sells grocery items in her small store, near her house. She usually makes PHP 300 each day. She uses her income for working capital, food, and the school fees of her children, who are in elementary school.
She hopes to gain more sales and earnings, but has insufficient funds for buying items to resell, like soap, shampoo, milk, coffee, sugar, noodles, biscuits and canned goods. So she asked for a loan of PHP 12,000 to buy this additional merchandise. The loan funds will help maintain good sales and increase her income, for the betterment of her family's living conditions some day.
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.