Debbie wishes to keep on having good health, as she believes that health is wealth. Debbie is 58 years old, married and has three children. She has been selling grocery items in their village for 16 years. Debbie’s husband grows rice crops in their rice field. Profits earned from her store go toward their household needs.Sometimes, when she obtains greater income than usual, she uses it for another business as her additional income.
Debbie wanted to have enough capital in able to manage two businesses at once. Hence, she is requesting a loan of PHP 45,000 to buy grocery items to sell. She also plans to use her loan in buying raw meat and raw ingredients for her street food vending business. Income from the business will be used in education of her children and improving her financial stability.
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.