Anabel, 52, is married and has three children. Anabel dreams of lifting her family from poverty, which is why she works hard in her sari-sari store business. She has been in this business for almost 30 years and usually earns about 500 PHP a day. At this time, Anabel is asking for a loan in the amount of 10,000 PHP to buy grocery items such as canned goods, noodles, assorted breads, beverages and condiments to sell in her sari-sari store. Anabel hopes to expand 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.