Elizabeth is a married woman who is 50 years old. She has a retail shop where she sells a variety of products like soap, shampoo, canned goods and snacks in their community. She has had this business for three years now.
Elizabeth is requesting a loan of PHP 30,000 to purchase more retail items such as soft drinks, sugar and salt. She also plans to buy pigs to raise. Each month she earns about PHP 7,000 from these activities.
In the future, Elizabeth hopes to diversify her business and achieve financial independence to provide a progressive living 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.