Leticia is a hard worker who manages three businesses: a variety store, rice/corn farm and a piggery, within their locality.
She is married with three children and an adopted child. Leticia would like to have more grocery items to sell but her capital is not sufficient due to the bigger expenditures incurred through farming and managing her piggery.
Leticia decided to request additional capital of PHP50,000 to buy grocery items such as soft drinks, canned goods, biscuits and various kinds of soap to restock in her variety store.
She knows that with enough product offerings in the store, she could earn a greater income and this will help her meet the growing needs of her family and eventually improved their living conditions.
Leticia hopes that her requested amount of loan will be granted so she could secure her family's future and educate all of her children.
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.