Nenita is 51 years old and is married with three children. To make a living, Nenita is engaged in a retailing business. She has been in this business for five years. She usually earns about a minimum of PHP 450 a day.
Nenita wants to expand and re-stock her sari-sari store but she lacks the necessary capital. For that purpose, Nenita is asking for a loan in the amount of PHP 50,000 to purchase grocery items such as canned goods, noodles, beverages and condiments to sell. Nenita hopes to grow her business.
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.