Mary Jane is 32 years old and still single. She aims to become successful and financially stable in the future. Due to a lack of job opportunities, she runs a small variety store in the local community to generate income. She plans to improve the business and make it more profitable in order to generate sufficient income to help her parents in financing the education of her younger sister and to save for her future. To improve the business, she is asking for additional capital of 10,000 Philippine pesos (PHP) to buy rice, canned goods, soft drinks, soaps, snack foods, beverages and seasonings to sell. She believes that her loan will be a great help for her to make an improvement in 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.