Rovelyn, age 31, is married and blessed with one child. She has owned and operated a retail store in their village for almost two years and earns a net income of 300 PHP daily. Her net income on this business goes into her savings.
Due to insufficient funds she would like to request a loan amounting to 10,000 PHP to purchase rice grains, cooking oil, noodles, canned goods, and sugar to sell. She's hoping that her business will continue to grow and become more profitable.
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.