Leonida is from the village of Centro 2. She generates income through her sari-sari store business. She is 58 years old, married, and has three children. She has been running her sari-sari store business for nine years and earns about a minimum of 300 PHP a day. At this time, Leonida is asking for a loan of PHP 22,000 to buy grocery items such as canned goods, noodles, assorted bread, biscuits and other kitchen ingredients to sell. She believes that through this loan, she will be able to obtain more grocery items. 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.