Angela is 46 years old and married to a technician. They had three children. All are attending to school. To supplement her spouse's income, she sells grocery items in her store. Aside from the store, she also sells AVON products (cosmetics and perfumes). Angela manages her family's monthly income of about 20,000 PHP to pay for her family's meals, bills at home and education expenses.
She is now asking for a loan of 50,000 PHP to buy more grocery items such as canned goods, eggs, breads, noodles to sell. She hopes to keep extending good products and services to her customers and keep improving sales from her business.
Being a diligent entrepreneur, Angela will achieve good sales and fund to educate her children. Someday, it will lead them to a better way of life.
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.