La Arnie is a 25-year-old married woman with one child. She has been selling motorcycle parts and other similar products for four years. Her business is located in a shop near her home. According to her, she has regular customers and she is glad because her husband is her helper in their business. She would like to buy a stock of spare parts so that she could minimize her expenses in going to and from the place where she buys her products.
La Arnie is requesting a loan in the amount of P35,000 in order to buy a large quantity of spare parts such as tires, oils, motorcycle accessories, mufflers, fenders, chains, and sprockets for her spare parts shop so that she can continue to sell. According to her, the money she earns will be used to repay the loan, improve her family’s standard of living, and save some funds for the preparation of schooling of her daughter. She works hard because she would like to attain success in business and in her life. She hopes that through her business she would be able to fulfill her goal which is to become a successful business woman and model mother to her daughter and friends.
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.