Arlene, age 40, is a very humble and hardworking woman. She patiently manages her variety store in order to attain a good living for her family. She has always wanted to have a comfortable living, so she really works hard for it. Arlene would like to increase the quantity of products she offers to her villagers in order to gain a higher income, but insufficient capital hinders her.
Because of this, she requested a loan of PHP 25,000 to buy grocery items such as canned goods, noodles, shampoo, 20 cases of soft drinks and shake powder. She believes that through her hard work and the loan, she could be able to earn better income which will provide for her family's daily expenditures 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.