Shirley is a responsible housewife and is blessed with one child. She and her husband aim to improve their way of living and provide a better future for their child through their business.
In line with this goal, she plans to improve her small variety store to increase her income. Lack of capital made her borrow a loan from the lenders in the amount of PHP 20,000. She will use the funds buy more stock of basic commodities such as soft drinks, biscuits, sugar, eggs, oil, assorted candies and school supplies to sell in her store. She believes that someday she will make her business grow and have a stable source of income.
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.