Lolita is a 52-year-old mother with two adult children. Her husband's occupation is farming. They both work hard for the improvement of their living situation.
She manages a beauty salon offering services such as hair cutting, pedicure and manicure to customers. The business has been operating for 12 years already. Her income from the business is spent to finance their daily expenditures.
To improve the services offered in the salon, Lolita is asking for a loan of PHP 12,000 to buy the needed materials and cosmetics such as scissors, comb, razors, hair iron, and chemicals for hair relaxing, hair rebonding and hair spa.
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.