Esperanza is a widow with two adult children. Though she is a single parent, she is still able to manage her business and family well. Esperanza has owned and run a variety store for ten years. With her income from the business, she is able to meet their daily necessities and give her family comfortable living conditions.
Esperanza would like to take out a loan of 8,000 Philippine pesos (PHP) which will be used to buy a variety of groceries such as cooking oil, canned goods, shampoo, instant noodles and assorted biscuits to re-stock her variety store. She hopes that this loan will help her to attain her goal in life – most especially for the continuous smooth flow of her business. In this way, she can earn a higher income which will serve her family's needs.
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.