Esperanza is a 57-year-old woman, married to a farmer who manages their farmland. The couple has six children. Esperanza wants a good future for her children and hopes to support their growing needs. She started managing her general store almost 20 years ago, wanting to earn more income for her family.
She is requesting a loan for PHP 20,000. She will use it to purchase more grocery items to sell at her store, such as canned goods, noodles, bread and beverages. She's hoping that the loan she requested will be granted, so that her business will improve and become 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.