Claris is 33 years old and married with three school-age children. She manages a simple school canteen to make a living. Despite her life's difficulties, Claris remains strong and determined in uplifting her family from their poor living situation. Her husband, on the other hand, is currently working abroad. They plan to earn and save some of their income for their house renovation and education of their children.
Her capital in the store is not enough, so Claris is requesting a loan in the amount of 5,000 Philippines pesos (PHP) to buy additional stock of food snacks, assorted candies, soft drinks, spaghetti noodles, bananas, and sweet potatoes that she cooks and sells in the school canteen.
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.