Estrelita is 51 years old and chose to be single. She owns and manages a small retail store within her community. She aims to make her business profitable in order to earn a higher income.
She planned to acquire more stock of grocery items to sell, but she has limited capital. For this reason, she is asking for a loan of PHP 5,000 to buy additional stock of canned goods, noodles, soft drinks, snack foods, soaps, beverages and seasonings to sell.
She believes that her loan will be a great help for her to improve her 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.