Sylvia operates a variety store and transportation business. She is 46 years old, married and blessed with five children. Only her youngest child is still studying. Sylvia's husband is a farmer and driver.
Sylvia has gained income, which goes towards their daily necessities, maintenance to her two units of motorcycle transport and allowances for her one child. With her determination to improve her way of life and have continuous growth of her variety store, she decided to seek additional capital of PHP 10,000, which allows her to buy necessary grocery items such as canned goods,assorted biscuits, eggs,cooking oil and ingredients to restock her variety store. Sylvia knows that the amount she requested will help her realize her goals in life. She hopes and prays that the amount of her loan she requested will be granted.
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.