Anita is 57 years old and married to a farmer. They live harmoniously in a rural community, planting and harvesting rice and vegetables for sale. Due to inadequate income, she runs a small variety store in their village to generate additional income. She aimed to improve the business and make it more profitable in order to support her family needs and save for future emergencies. She is asking for a loan of PHP 8,000.00 to buy additional stocks of canned goods, snack foods, noodles, soaps, beverages, seasonings, fruits and vegetables to sell. She is hoping that this financial assistance will help her to improve the business and make it more profitable in the future.
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.