Aileen is 34 years old and has a sari-sari (general) store. She has had her business for four years. It is located in front of her house and offers sugar, coffee, vinegar, soy sauce and detergent soap for sale. Her husband works as an OFW (Overseas Filipino Worker). They are helping each other to increase the quality of their living conditions, as well as preparing for the future for their only child. Aileen doesn’t want her child to not finish education like her. For her to achieve her dream, she decided to request a loan of 20,000 pesos to purchase additional merchandise for resale, such as cooking oil, snacks, candies, soft drinks and bread, for her store to be able to offer its customers an improved variety of items.
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.