Joy runs a sari-sari store business in her village. She wishes to have good health and manage her business well. Joy is married and blessed with two children. Her husband works in a rice mill. Through their combined profits, they have been able to send their children to school. Joy always tries to think of strategies to expand her business. She is willing to improve her skills in running her business to make it flourish. In this regard, Joy is asking for a loan of 25,000 PHP to buy beverages, breads and spices. She is hoping that her business will become more stable and profitable.
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.