Grace has a sari-sari store in which she sells grocery items like spices, snack foods and condiments. She has been in this type of business for 20 years. Grace's goal in life is to make her business grow.
Grace is now 43 years of age, is married and has two children attending school. She works hard and manages her business well to earn income and be able to meet her children's needs in school.
Grace wants to sell grocery items that are seldom for sale in their village to increase her profit. Grace wants to borrow 50,000 PHP to buy beverages, sandwich spread and powdered juice. She believes that this loan will help her hit her goal in life and continue to meet her children's needs as well.
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.