Catherine is 41 years old, married to Roger and had two children. According to her, her retail store is open from 6 o'clock in the morning until 6 o'clock in the evening. Catherine sells grocery items to the people in her village and is able to earn about PHP 15,000 monthly. She uses the income for the education expenses of her children and revolving capital for continuous operation of her business.
She joined ASKI because she wanted to borrow a loan of PHP 30,000 to have additional capital to buy canned goods, biscuits, eggs, breads, and soft drinks to sell in her store. Catherine hopes to become a successful entrepreneur someday so she can keep attaining a better life for her family.
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.