Graciela lives peacefully in Libag Sur with her spouse and children. She runs a small store and a hog raising business for income. From her store, she gains about 7,000 Philippine Pesos (PHP) each month. The money goes to school fees, daily meals, bills at home, and also feed for her hogs. She was very determined in achieving good sales; that is why she is now asking for a loan of 25,000 PHP to buy canned goods, noodles, eggs, biscuits, sugar, coffee, and bread to sell in her store. It will help attract more customers to buy her products; therefore, her income will also increase.
With determination and patience in developing her business, Graciela will continue to generate good profits in order to establish a successful business for her family.
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.