Gina is 47 years old. She owns and manages a little store where she sells groceries and vegetables. She has operated this business for ten years and usually earns a profit of PHP 7,000 a month, which she usually spends for their basic necessities.
Gina wants to add to her products to satisfy her customers' needs, but due to financial complications, she is requesting additional capital of PHP 15,000 to buy canned goods, sugar, oil, soap, bread, shampoo, cabbage, eggplant, onions and beans to sell in her store. She hopes that this loan will help her to improve the business and their living standards.
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.