Zoraida is a hard-working and business-oriented woman. She has operated her home-based store for more than one year. The profits from her home-based store go toward their daily consumption, needs of the children, and a monthly payment for the electric bill. Zoraida is 43 years old. She is married and has six children. Three of her children are married, while three of them are still studying.
Zoraida would like to take out a loan of PHP8,000. She will be using this amount to buy merchandise, such as eggs, cooking oil, sugar, coffee and assorted biscuits for her home-based store. She hopes that through this, she can keep her business progressive and profitable someday. In this way, she can let her three children finish their studies and be able to get ahead in 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.