Rona Lorraine is single and 30 years old. She has a general store where she sells rice, oil, different kinds of groceries such as noodles, biscuits, shampoo, soap, canned goods, milk, coffee and many kinds of dry goods. Rona Lorraine has had this business for almost eight years. According to her, the items that are easily disposed of are the rice, oil, coffee, milk, ingredients and eggs because all these are the basic needs.
Rona Lorraine is requesting a loan of PHP 50,000 to buy additional rice, cooking ingredients, milk, oil and eggs. She is grateful for the development of her retail store. She usually earns about PHP 12,000 each month in this kind of business.
In the future, Rona Lorraine hopes to improve her business by buying additional products needed in her village and to save some of her profit to have some savings when she gets weak.
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.