Jane is a 33-year-old woman who has engaged herself in a sari-sari (variety) store. It serves as their everyday source of income. This causes her to want to further develop her business. Now, she is asking for a loan amount of P8,000 to buy grocery items such as breads, cooking oil, sugar, spices and coffee. She hopes this will attract more customers and might be a big help in increasing her net income. Then she could continue to send her two children to school. She is looking for the progress of her 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.