Conseta, a retail store owner, is very thankful for her business. She is married and has four children. Her income from the business serves as their sustenance for daily meals and daily allowances too. She runs her store from 6 a.m. to 7 p.m. daily. She has been selling grocery items for 10 years now. She is asking for this loan to have additional capital to buy eggs, sardines, noodles, soap, shampoo and detergent to add to her merchandise in the store. She is asking for 20,000 Philippine pesos (PHP) and promises to pay it back in full.
In the future, with good revenue from her business, she will be able to save funds for use in times of emergencies.
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.