Rebecca is 53 years old and widowed. She lives in a rural community and manages a retail store in the public market. She has been in the business for almost six years. She aims to become successful and financially stable in order to help in financing the education of her niece and nephews.
In this regard, she wants to improve and expand her business in order to increase her income. Due to insufficient capital, she is asking for a loan of PHP 30,000 to buy additional stocks of school supplies, grocery items, rice and frozen foods to resell. She is hoping that she will access her loan request to be able to improve the business.
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.