Aurora lives peacefully at Anquiray, with her spouse and children. She and her spouse were blessed with five children. Aurora manages a store for income. She has sold grocery items for over 10 years, and she earns approximately 300 PHP daily. She uses her income for meals, bills at home, and school expenses of her children.
She asked for a loan of PHP 25,000, so she will have revolving capital. This will enable her to continously offer good products. She will buy more grocery items to resell, such as sardines, coffee, bread, eggs and noodles. This will help Aurora to incease sales capacity and to extend good customer service to all who buy merchandise in her store.
The additional profit she earns as a result of the loan, she will invest in her children's schooling, so they can acquire good employment 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.