Monaliza is business oriented because she is able to improve her retail store. She is 28 years of age, married, and has two children. She has been selling different kinds of daily needs, soft drinks and other items needed within the local community of San Miguel Ramon.
Monaliza has operated her retail store for one year, while also vending frozen foods for three years. According to her, she is able to sell 500 pieces of skinless longanisa (native Filipino sausage) and 200 pieces of tocino (sweetened cured pork) weekly. She would like to buy more stock of groceries and frozen foods, but her profit is not enough due to their household expenditures and school allowances for her children.
She is asking for financial assistance in the amount of P20,000. She hopes that she can get the amount requested, allowing her to maintain and develop her retailing business. In this way, she could generate bigger income to improve their living conditions and support her two children in their studies.
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.