Imelda is from the village of Minante 1. She is 45 years old, and is married with three children. Imelda is engaged in her sari-sari store. She has been in this business for seven years. She usually received a net profit of PHP 300 a day. Right now, Imelda is asking for a loan amounting to PHP 12,000 to buy additional grocery item, such as canned goods, noodles, assorted bread, and condiments to sell in her sari-sari store. She believes that she can improve the business through her patience and strong determination.
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.