Wilma, 48, is single and lives in Linao Norte. She is a woman and proves to be responsible in managing a small business, which is her grocery store. She usually earns a minimum monthly income of 15,000 Philippine pesos (PHP). She budgets for daily expenses and has rolling capital for her business.
Wilma is asking for a loan of 20,000 PHP to increase her sales. She will buy more biscuits, canned goods, soft drinks, sugar and milk to sell.
In the future, she hopes to provide quality products and services to her customers and gain continuous profits to achieve financial stability.
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.