Nica is 51 years old, married and has three children. Nica engages in the selling of school and office supplies in the market while her husband is her companion in managing their business.
Nica uses the profits from the business and invests them in their farming business. Their retail business is their source of income that provides for their needs. Nica wants to have more stock of items to sell in able to minimize her expenses in marketing the items she has available. Hence, she is asking for a loan of PHP 40,000 to buy assorted items of school and office supplies. She hopes to increase her income to invest in her farming.
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.