Maria owns her grocery store wherein she offers rice and grocery items. She is married and has five children. Maria's husband works as a manufacturer of rice mills. The couple works hard in order to get ahead in life and improve their financial status.
Maria would like to increase the volume of grocery items and bags of rice she offers in her grocery store, but she does not have enough capital. For this reason, she is asking for a loan of PHP 50,000. She hopes to obtain this loan amount in order for her to satisfy her customer demand and have a comfortable living condition someday.
Maria also hopes for continuous access of financial assistance so she can keep her grocery store progressive.
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.