Nila is a hard working mother of three children. With her passion to see her children become professionals someday, Nila works hard; managing her sari-sari store business and rice grinder in her stall. Nila’s husband is a hog’s raiser.
Nila wants to extend her services to her customers in the village and some nearby villages. She wants to operate a coconut grinder in the village for additional income. Nila wants to borrow 50,000 PHP to buy merchandise like spices, beverages, breads, and canned goods for her sari-sari store. She hopes to earn a higher income and operate the coconut grinder soon.
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.