Nena is one of the store owners within her community. She is 36 years old and has three schooling children. Due to the high cost of school fees, she aims to improve her business in order to increase her income. She wants to acquire more stock of grocery items to sell, but she has insufficient capital. For this reason, she would like a loan amount of 12,000 PHP (Philippines pesos) to buy more stock of snack foods, assorted candies, laundry soaps, noodles, eggs, beverages, canned goods and seasonings to resell.
Having patience and strong determination, she believes that she will improve the business and continue sending her children to school.
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.