Visitacion is 39 years old, already widowed, and has two children. She stands as a mother and father of her two children. Being the head of the family, Visitacion needs to strive just to feed her children and attend to their needs. To make a living, Visitacion runs a sari-sari store business in their village. She sells a variety of goods to her customers.
Visitacion wants to extend the variety of products she sells to her customers. In this regard, she is asking for a loan of PHP50,000 to buy spices, powder for juice, beverages and condiments to sell. Visitacion wishes to generate a higher income to further sustain their needs and her children's allowances in school. Visitacion will look towards the success of her business and her success as a businesswoman as well.
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.