Dominga, 43 years of age, is married to a farmer and blessed with two children. She has owned and operated a retail store in their village for almost seventeen years, earning a net income of PHP 400 daily. Her net income is usually spent on their food expenses and electric bills.
Due to insufficient capital she would like to request a loan amounting to PHP 16,000 to purchase beverages, coffee, shampoo, cooking oil, soaps, and canned goods to sell. She's hoping that her business will continue to grow and become more profitable.
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.