"Having a husband abroad doesn’t mean you are financially stable," Clarita says. She is 39 years old, married, and has one child attending school.
With her determination to help her husband in meeting their needs, Clarita engages herself in a retailing business. She is selling drinks, bread, spices, eggs, and noodles in her sari-sari store. Clarita wants to extend the items she sells and be able to increase her income, as well.
Clarita wants to borrow a loan, amounting to PHP 20,000, to buy toothpaste, soap, shampoo, and conditioner to sell. She hopes that her business will grow, so that, someday, her sari-sari store becomes a grocery 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.