Loreta is aged 31, married and blessed with two children.
She has owned and managed a retail store in their village for almost ten years and earns a net income of PHP 5,000 daily. Her net income from this business usually goes towards their savings.
However, due to inadequate capital to run her business, she would now like to take out a loan amounting to PHP 30,000 to purchase beverages, charcoal, rice, detergent soap, canned goods and noodles to sell.
She hopes 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.