Ronalyn generates income by selling grocery items to the people in her village. Ronalyn is 22 years old, married and has a child. She had been in her business for over a year now and earns 1,000 PHP (Philippines pesos) each month. She is now asking for a loan of 5,000 PHP to invest in selling more merchandise in her store. She will buy sardines, eggs, breads, noodles, soap and shampoo to sell.
Ronalyn will keep improving the products and services she offers to gain more profits and save for education purposes.
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.