Sheryl is 27 years old, married, and has one child. She owns and manages a small variety store in her community while her husband cultivates their farmland. She aims to improve her business and increase her income in order to help her husband in satisfying their needs. She plans to increase her product offerings and satisfy her customers' demands, but due to inadequate capital, she is asking for an additional loan of PHP 10,000 to buy more snack foods, canned goods, noodles, candies, beverages, seasonings, and soft drinks to sell. She hopes that her loan will be a great help in improving her 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.