Nida, aged 50, is married to a farmer and they have been blessed with three children. She has owned and operated a retail store in their village for almost 10 years. From this business, Nida earns a net income of PHP 4,000 a month.
She would like to request a loan of PHP 15,000 to purchase canned goods, biscuits, noodles, cooking oil, coffee, sugar and beverages to sell. Nida is hoping that her loan will be granted so that she will be able to improve and expand her business to earn more income.
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.