Agustina is 41 years old and has two school-age children. As a way of gaining income, Agustina runs a small variety store, while her husband cultivates their farm land. She aims to improve her variety store by acquiring more commodities to sell, but she has inadequate capital.
Thus, she is asking for an additional 5,000 PHP to buy more stock of soft drinks, snack foods, canned goods, eggs, noodles, beverages, seasonings, and frozen foods to sell. She hopes that her loan will enable her to improve 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.