Rowena is from the village of Guam. She generates income through her sari-sari (convenience store) business. She is 52 years old, married, and has three children. She has been running her sari-sari business for two years, and earns about PHP 250 daily.
At this time, Rowena is asking for a loan of PHP 25,000 to buy grocery items including canned goods, noodles, assorted bread, biscuits, and condiments to sell. By increasing her store's supplies, she hopes that she will increase her income to sustain the needs of her family.
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.