Angelina is 48 years old and married. She started the business of a sari-sari store in the market 20 years ago. When her four children finished their college, she decided to put up her store in front of their house. Now Angelina is selling a few grocery items and, at the same time, cooking menus for meals.
Angelina wishes to earn a higher income and save some of it for the future emergencies of her husband. She is acquiring a loan of PHP 35,000 to buy meat and ingredients for cooking menus, and soft drinks to sell.
She is hoping that by borrowing this loan, she will earn a higher income to have a better future.
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.