Nelia is 59 years old and currently resides in Allacapan where she manages a small sari-sari (convenience) store. She is thankful that she has been earning PHP 150-200 each day, which she uses for her daily needs. She is wishing for a higher income in order to save for her family. To make her business more profitable, she is requesting a loan of PHP 15,000 to purchase canned goods, biscuits, breads, milk, sugar and beverages. Hopefully, the loan will be a great help in improving her business.
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.