Virgie is 48 years old, married and has six children. Managing a sari-sari store is her source of income. She has been in the business for four years and she is happy that up to the present she is still managing her store. Her husband is a fruit vendor around their town. She and her husband are doing their best to meet their family’s needs.
Virgie is requesting a loan of PHP 25,000 to buy drinks, breads, and biscuits to sell. She hopes to avail herself of the loan to extend the products she sells to her costumers and earn more profits. She is also hoping that she will meet her children’s schooling needs through the income generated from 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.