Rosalia is in her fifties, is married, and has one child. Rosalia manages a sari-sari store business in their village. Her husband is a farmer who is her partner in sustaining their family needs and their child's needs in school.
Rosalia wishes that her store will become a grocery someday. She is striving and managing the business well to attain her wish. Rosalia needs additional capital to pursue her wish. Thus, she is requesting a loan of P20,000 to buy drinks, canned goods, snack foods and sugar to sell. She hopes for the growth of her business to become a big grocery soon.
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.