Conception is engaged in a retail business selling grocery items in their village. She is 56 years old, married and has five children. Among her children, three are working abroad while others are government employees. With her status in life, Concepcion admitted that the remittances her children give her is enough to sustain their needs but she wanted to have her own source of income.
Concepcion is requesting a loan of PHP 10,000 to buy grocery items to sell. She hopes to expand the business, and earn more. Somehow she will also help others who are unfortunate through her earnings.
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.