Agripina wants to borrow a loan of PHP20,000. She will use it to buy drinks, eggs and spices, to sell at her store. She wants to add more products to her store, to meet the needs of her valued customers. Agripina has been running her sari-sari (general) store business in their village, for four years already. She has two children attending school. Agripina’s husband works as a welder. She wants to help her husband, seeking for a better source of income for the future of their family. Agripina believes that by taking this loan she can help her husband, even in a simple way.
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.