Rosemarie owns a small store in her village where she sells grocery items to generate an income for her family's daily needs. She has been doing this for four years. She earns about P4,000 each month. Rosemarie wants to improve her sales so she is borrowing P13,000 to buy canned goods, eggs, bread, soap and shampoo to sell in her store.
Rosemarie is 38 years old and has four children. All she wants is to give her children the best education. She will be very happy and proud to see all of her children become professionals in their chosen career someday.
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.