Emerly is 40 years old, married, and has four school-age children. Due to the high cost of school fees and commodities, she aimed to improve her small variety store, to generate sufficient income. She and her husband aimed to educate their children and give them a bright future.
To improve the business, she is asking for additional capital of PHP 10,000 to buy more stock to resell, of items like canned goods, snack foods, beverages, seasonings, soft drinks, soaps and mineral water. She believes that someday, she will be able to make more improvements in the business as she continues to work hard and strive for it.
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.