Being a responsible mother, Loreta helps her husband generate income. She is now 40 years old and has two school-age children. Loreta owns and manages a small variety store while her husband cultivates their farmland. She plans to improve more of her business in order to earn a higher income. But due to a shortage of capital, she is requesting a loan of PHP10,000. She will use this loan to buy more stocks of canned goods, seasonings, noodles, snack foods, beverages and seasonings to sell. Through patience and hard work, she will make her business profitable in the future.
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.