Leticia is a 43 year old widower with three children. She works alone in supporting the needs of her family. She decided to open up a variety store to earn daily income to support her family and help meet the household expenses. She sells different grocery items and has been very accommodating in attending to the needs of her customers. Her desire to improve her sales made her decide to borrow a loan of PHP 10,000 to buy canned goods, eggs, bread, soap and other basic commodities to sell. She hopes that the lenders will grant her request so she can make her business progressive someday.
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.