Violeta started her general store business since she got married. Her husband is a government employee who is about to retire from the service. Violeta also managed working abroad for 14 years, and left her business to be managed by her relatives. When she had saved enough earnings, she decided to go back to the Philippines for good and be the one to manage her store.
Despite her effort and fortitude being away from her family, the results were great. She was able to fulfill her two children's needs in school and they now have already finished their education. Violeta wanted to expand her business to increase her income more. She is borrowing a loan of PHP 30,000 to buy drinks, breads, soap, toothpaste and much more. Her income in the business will help her eldest child with expenditures in applying work for employment.
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.