Conchita has been operating her retail store for three years and she is glad because her business is improving and growing. She is able to earn about P500 a day and uses her profit to pay for her family's electric bills and daily needs.
Conchita suffered difficulties in her business due to many unpaid credit from her customers. She is requesting a loan in the amount of P20,000 to allow her to buy groceries such as soft drinks, assorted biscuits, eggs, cooking oil, baked breads and other items for her retail shop business. She hopes to obtain this loan so that she can improve her family's living condition.
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.