According to Mary, having six children is not easy. So she and her husband work really hard to finance their needs. Given that scenario, Mary decided to open a sari-sari store (variety store). Unfortunately, this business is not doing quite well, so she wants to take out a loan of PHP 20,000 as additional capital for her business. If the loan is granted, she plans to use it to buy canned goods, rice, feed, soft drinks, snack foods, noodles, beverages and seasonings. Through patience and hard work, she is hoping that her business will grow.
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.