Elizabeth is 57 years old, married and has three children, all of whom are employed as professionals. She earns a living by running a general store and by making dresses and providing tailoring services. She has been in this line of work for almost 10 years, thanks in part to the fact that her husband manages her store when she is busy making dresses. She is applying for a loan for PHP 35,000 to buy more groceries to sell in her store, where sales have been very high lately because it is located along a busy road. She will use the loan to buy canned goods, eggs, oil, soft drinks, milk, sugar, shampoo, instant noodles and ingredients needed for cooking. She hopes that his loan will allow her to provide her family with a better life.
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.