Agnes is 41 years old, single, and has two children. She manages a variety store in the market. Agnes is selling blouses, bags and accessories for cellular phones. Agnes is happy that her business has continued to operate up to the present.
Agnes' goal in life is growing her business so she will have her own stall and will no longer have to rent a stall for her business. Agnes plans to take out a loan of P40,000 to buy belts, bags and hats to sell to her customers. She is doing her best to thrive with the business she has right now.
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.