Elma is a hard-working mother who owns and manages a variety store in their village. She is 44 years old and was blessed with two children. Being hard-working parents, they have been able to support their children's education and to acquire their basic necessities. But due to the high cost of commodities and school fees, she needs to improve her business so that they will be able to meet all their needs especially for their children's schooling.
Elma is asking for additional capital of PHP 35,000 to buy noodles, biscuits, candies, canned goods, soaps, seasonings, soft drinks, beverages and fish to sell. She believes that she can improve her business if she continues to manage it well. She hopes that her business will grow and become viable in the future.
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.