Our applicant is known as Sweetie Pie and, as her name implies, she is a lovable woman. She runs a sari-sari store, a community-based business that sells a variety of items in high demand in her area. Her husband is employed as a local agent for a distributing company based in their town. They have three children: Charmaine, 23 years old and a second-year nursing student; Hersal, 20 years old and a first-year college student; and Dennies Kae, 14 years old and a third-year high school student. They live in the village of Magsaysay, which is a few kilometers from the highway and near the local city hall. The village is known for rapid development and for its peaceful and orderly nature.
Her small store is open from 6 a.m. until 7 p.m. Sweetie Pie decided to open her store because her husband's income is not large enough to support all the educational needs of their children.
Currently, Sweetie Pie is using her income to pay for the cost of having two children in college. She is seeking a loan to buy additional inventory for her store, including soft drinks, cooking oil, sugar, vinegar, canned foods and other items. By expanding her business, she will be able to help her husband to meet more of the family's expenses.
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.