Rosemarie is a 47-year-old married woman with three children. She has been managing her phone accessories and grocery store for six years. She sells different casings of mobile phones and their accessories. Her husband is her helper in managing their business.
Rosemarie would like to increase the stock of cellphone accessories, such as different casings of cellphones and different kinds of groceries for her retail shop business. She is requesting additional capital amounting to P40,000. This amount would be useful in maintaining and improving her business. Her main purpose now is to insure his customers' needs are satisfied. She believes that it will help her increase her business sales and, therefore, her income.
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.