Evelyn manages a 'sari-sari' store in their village. She usually sells commodities that are often sold in their village like spices, breads and canned goods.
Evelyn has been in this business for six years. Her income from the business mostly goes for her two children's allowances in school.
Evelyn's husband is a farmer. His sales from farming are used to pay their children's fees in school. Evelyn wants to increase her income from her business so as to be able to cover their family's basic needs daily. She is requesting a loan of P35,000 to buy soft drinks, coffee and sugar. She will manage the business well and work hard for the growth of it.
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.