Rona Lorraine is 30 years old, a resident of San Fabian Echague. She is single and a business-minded person. She sells rice and groceries such as coffee, shampoo, detergent soap, junk food, hand and body lotion, perfumes and oil. Her business is located at a public market in Echague. She has had this kind of business for eight years and with this business alone she is able to earn about P20,000 a month.
Rona Lorraine would like to become a successful entrepreneur someday. For this reason, she would like to buy stock of rice for her stall but her funds are not enough. So, she is requesting a loan amounting to P50,000. She truly believes that she will be able to increase her sales and income in this manner. In this regard, she could improve her quality of life and her business.
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.