Fatima is 31 years of age and married with four children. All four children currently go to school. Fatima's husband is a mechanic within their area.
Fatima has operated her variety store for five years. She aims to have a stable source of income and to support the educational needs of their children. To make her goals possible, she is asking for additional capital of PHP18,000, allowing her to buy stocks of grocery items such as cooking oil, soft drinks, biscuits and other basic commodities. She knows that by having a variety of grocery items, she could earn more income and fulfill her goals in life. She hopes and pray that lenders will grant her requested loan.
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.