Evelyn, 40 years of age, is married to a farmer, and they are blessed with three children. Evelyn is in the retailing business, particularly selling grocery items. Her store is inside the school campus so she also sells school supplies for additional income. She's been in this business for almost 20 years and earns a net income of 600 PHP a day. They spend this profit on the school allowances of their children, food allowances, and electric bills. Due to lack of capital she would like to request a loan of 25,000 PHP to purchase breads, canned goods, sugar, coffee, creamer, and beverages to sell. She's hoping that her business will continue to grow and become more progressive.
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.