Susan, 26 years old, is married to a farmer, and blessed with two children. She has owned and managed a retail store in their village for almost three years, earning PHP 300 daily. She's also a retailer of gasoline for an additional source of income. Due to lack of capital, Susan decided to request a loan of PHP 12,000 to purchase coffee, sugar, detergent, soaps, canned goods, and beverages. She's hoping that her requested loan will be granted so that she can generate more income in her retail store.
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.