Nora is 43 years old, married, and was gifted with two children. She and her husband aim to uplift their status of living to give their children a better life. In this regard, Nora plans to improve her small variety store to generate a higher income. She has been in the business for almost two years and usually earns a profit of PHP 4,000 per month that she spent for their daily consumption and allowances of her children in school.
To improve the business, she is asking for additional capital of PHP 15,000 to buy additional stocks of frozen foods, soft drinks, vegetables, and grocery items to sell. She is hoping that this loan will be a great help in making more improvements in the business.
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.