Emma started her sari-sari store business when she requested a loan from ASKI. She is 37 years old, married, and has two children attending school. She wishes to grow her business for a continuous source of income whereby she can make profits that serve as her children's allowances for school.
Emma’s husband is a farmer. They grow corn and rice on their farm. Their income from farming is an additional source of income to support their daily living and their children's needs in school.
In regard to her wish, Emma believes that borrowing a loan of PHP 33,000 is an opportunity for her to grow the business. She will use the loan to buy grocery items like condiments, spices, drinks, powder juice, and powdered milk to sell. She hopes to increase her sales and income as well.
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.