Minerva runs a retail stall where she offers tobacco, betel nuts and betel leaf for sale. She has been engaged in this kind of business for four years.Every day, she wakes up early in the morning to prepare her family's needs, after which she goes immediately to her stall to display the products she offers.
Minerva planned to buy stocks of tobacco, betel leaf and ten cans of betel nuts but due to the expensive cost of betel nuts, she decided to request a loan of PHP 13,000. She hopes to get this loan amount so she can earn higher income which will serve for her family's basic necessities, improvement of their lifestyle, and the education of her two children.
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.