Sherley is 51 years old, and she owns and manages a retail store in her village where she sells sugar, oil, and spices. She cares for her business because it is a great help in improving her family's economic living. For this business, she's requesting a loan of 20,000 PHP to buy soft drinks, cooking oil, biscuits, soy sauce and bread as additional commodities to sell. Aside from her retail store, she operates a piggery as an additional source of income. She hopes to gain more profits through these businesses to provide a better way of living for her family.
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.