Hard work and patience are Thelma's guiding principles in running her retail store.
She is a 61-year-old widow with three children. Thelma wishes to increase the stock of merchandise she offers and requests 18,000 PHP to purchase grocery items such as soft drinks, eggs,canned goods, cooking oil, and assorted biscuits.
She believes that this loan will enable her to increase her income and improve her living conditions.
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.