Odessa always hopes for the growth of her retailing business which is selling grocery items in their village. Odessa is 44 years old, married, and blessed with four children, all of whom are already married. Her husband works as a construction worker. Odessa and her husband income can satisfy their basic needs like their daily food, but she wanted to have an extra income to have savings.
With regards to her business, Odessa is requesting a loan of PHP 10,000 to buy drinks, biscuits, soap, shampoo, and many more items. The loan will help her increase her sales and income as well. She will prioritize to save some of her profits while others will be used to support some basic needs of her grandchildren.
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.