Evangeline is a 52-year-old mother who was gifted with five children. Despite being widowed, she has the strong determination to improve their status of living and give her children a better life. She aims to improve her variety store by increasing her product offerings to satisfy her customers' demand and to generate a higher income. Due to financial constraints, she is asking for a loan a of PHP 10,000 to buy soft drinks, frozen foods, snack foods, beverages, canned goods, noodles and seasoning to sell. She hopes that someday, she will make more improvements to her business through this financial assistance.
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.