Beatriz, aged 56, is operating a sari-sari [convenience] store selling items including mineral water, which is very profitable. The problem is that she hasn’t enough funds to order water to sell and to add more groceries in her store. For this reason she is requesting a loan of PHP 15,000 to buy 10 gallons of water, canned goods, biscuits, coffee, sugar, vinegar and oil so she can meet her customers’ requests. With this loan she hopes to increase her income and the number of her customers. So Beatriz hopes her requested loan is granted.
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.