Due to a lack of job opportunities, Rowenalyn runs a small variety store in her village to generate income. She is 23 years old and still single. She aimed to help her parents to improve their status of living and educate her younger brother and sister. For this reason, she planned to improve her variety store to generate a higher income.
She is asking for loan capital of PHP 12,000, which she will use to buy more stock to sell in her store, like soft drinks, canned goods, beverages, noodles, and seasonings. She is hoping that someday, she will improve her business even more through this financial assistance.
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.