Hilaria, 48 years of age, is married to a welder and blessed with three children. She has owned and operated a retail store for almost seven years and earns a net income of PHP 250 a day. Her net proceeds are usually spent on her family's daily expenses. Due to the lack of capital to run her retail store, she would like to request a loan amount of PHP 35,000 to purchase beverages, chips, noodles, eggs, candies, breads, shampoo, rice grains, soy sauce, canned goods, vinegar, fish sauce, and sugar to sell. She's hoping that her business will continue to improve and become more profitable.
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.