Two years ago, when Victorina was asked her dream, she replied she wanted to finish giving her four children their college education and to have decent work. Now, she has successfully reached her dream by means of working hard. Victorina is in her sixties. She engages in a mini-grocery business in the market.
At present, Victorina’s wish is to expand her business site to become a grocery store. Victorina is requesting a loan of PHP 50,000 to buy beverages, breads, and snacks to sell. She believes that the loan will serve as her first step in achieving her wish.
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.