As a responsible mother of five, Leonora needs to work hard to provide for her family. She is a widower and serves as both father and mother to her children in the absence of her spouse. She established a small business to generate an income.
Leonora sells shoes, slippers and sandals to the people in her neighborhood. During market days in her village (which usually fall on Thursdays), she offers her products at the market where her sales capacity is increased.
Leonora is now asking for a loan of 30,000 PHP to buy additional quantities of slippers, shoes and sandals to sell. She hopes that this loan will be granted to her as it is the only opportunity to progress her business and improve her family's living conditions.
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.