In six years of managing a sari-sari store business, Rosemarie learned new strategies for how she can improve her business. Through her earnings, she provides for some of her children's needs in school. Rosemarie wanted to expand the products she sells by offering meat, fish, and chicken to her customers. In connection, she is asking for a loan of 40,000 PHP to buy grocery items to sell, like canned goods, bread, milk, and beverages. Rosemarie believes that by expanding the products she sells, she will earn more income from the business.
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.