Nenita manages a general store business. She is requesting for a loan that will serve as added capital in buying stock like canned goods, noodles, seasonings, and more products to sell. She has been in this business for 20 years and most of the time, she has earned an income of PHP 2,500 monthly that has been used in supporting her grandchildren's needs and saving for future use.
Nenita is now 57 years old and a mother of three children. She is now widowed and living happily with her two children and grandchildren in the village of Nagbitin.
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.