Ruth is 28 years old and has one child. Her husband is a farmer, and they live happily in a rural community. Due to financial difficulty, she aims to improve her small variety store by increasing her product offerings to satisfy her customers' demand. Since she doesn't have enough capital, she is asking for an additional 5,000 Philippines pesos to buy additional stock of canned goods, noodles, snack foods, beverages, seasonings, rice and vegetables to sell. She believes that her loan will help her to make an improvement in the business, and she's hoping that she will become successful 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.