Perlita is a hard-working mother who owns and manages a small variety store in her village. She is 56 years old, married, and has six adult-aged children. She and her husband aim to give their children a better living, thus they really want to improve their livelihood.
With that, Perlita really desires to improve her variety store to generate more income. However, due to insufficient capital, she is asking for a loan amounting to PHP 12,000 to buy more stocks of soft drinks, detergent soaps, rice, noodles, cellphone load, beverages, and seasonings to sell. She is very positive that, with the loan, she will generate higher income.
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.