Gloria is aged 58, widowed, and a mother of four children. She started her business selling vegetables and snacks around her village. When she got tired of roaming her village (because she's not getting any younger), she decided to run a retail store business in her village. Gloria wanted to earn enough income because she wanted to help her grandchildren, even in a simple way. Hence, she is asking for a loan of PHP 25,000 to purchase beverages, breads, biscuits, and food seasonings to sell. Gloria believes that by borrowing the loan, she can be able to improve her business and earns more profit.
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.