Minda manages a retail store, livestock, and a farming business. She is 37 years old, and has two children. Minda aspires to have a growing business so she can obtain greater income for her family needs, and for the education of her children.
Minda would like to increase the stock of grocery items she offers in her locality. Due to insufficient capital, she is seeking a loan of PHP 10,000 to buy grocery items such as cooking oil, eggs, sugar, coffee, and assorted biscuits for her retail store. She believes that this loan will help her realize her dreams in life, and in her business.
Minda hopes and prays that her requested loan will be granted.
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.