Gloria has operated a retail store for three years and one month. Aside from the retail store, she also offers viand (tasty dishes) as an additional source of income. Gloria is married with five children; only her youngest child goes to school.
Gloria would like to take out a loan of PHP 30,000 to allow her to buy grocery items such as cooking oil, trays of eggs, kilograms of sugar, canned goods, and soap for her retail store.
She hopes that lenders will approve her requested loan so she can earn a greater income, which will enable her to cover her household expenses, educate her youngest child, and improve her way of living.
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.