Genoveva is a responsible mother who owns and manages a variety store in the local community. She is 40 years old and has three school-age children.
She and her husband help each other in financing the education of their children. Being responsible parents, they want to continue sending their children to school so that they will become professionals some day.
Due to the high cost of commodities and school fees, Genoveva aims to improve her variety store to increase her income. In this regard, she is asking for additional capital of PHP 6,000 to buy rice, soft drinks, frozen foods, junk foods, canned goods, noodles, beverages and seasonings for sale.
Genoveva believes that some day she will make the business grow and become more profitable in the future.
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.