Aileen is 33 years old, married but has no children. They live in a rural community where she runs a small variety store while her husband manages their farm land. They aim to improve the business and increase their income to satisfy their basic necessities and save for their future. To improve the business, Aileen is asking for a loan of 8,000 PHP to buy more stocks of rice, sugar, oils, feeds, soft drinks, seasonings, soaps, snack foods, canned goods and noodles to sell. She is hoping that, someday, she will make the business more viable and profitable.
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.