Petra is a retail store owner who has been patiently operating her store for over 15 years, and usually earns PHP 15,000 each month. She is taking a loan of PHP 50,000 as additional capital to keep expanding her product line. She will buy sacks of rice which will add to her merchandise. She will also buy canned goods, cases of soft drinks, and biscuits to sell. She hopes to keep offering good services to her costumers, and likewise good products too. With continuous efforts, patience and hard work, Petra will become successful in her business and will gain financial security for her family.
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.