Pency has managed a retail business for almost 21 years. Sometimes she cooks snacks to sell for additional income. Through her earnings from the business she is able to provide some of her children's educational needs.
She still needs to develop her business because she wants to earn more income in order to fully support her children's needs. Because of this, Pency is asking for a loan of 30,000 PHP to buy beverages, breads, canned goods and many other items. She will do her very best to manage the business well and become more profitable.
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.