Dolly, 40, is married and has five school-aged children. She is from the village of Santo Domingo, a part of Isabela province on the Luzon islands. Dolly runs a general store from which she sells a variety of different products to the local community. Dolly has been in business for over fifteen years and earns approximately P 5000 a month.
Dolly is requesting a new loan of P 7,000, that will be used to purchase additional products to sell. She plans to use the additional revenue generated to financially support immediate members of her family.
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.