Rose is 36 years old, married and has three children to educate. She has been in her business of selling different items such as slippers, frames and bags for five years. She usually earns about PHP 10,000 each month and has just enough for children's school fees, meals and bills at home.
She has insufficient funds now so she is asking for a loan of PHP 15,000 to buy boxes, frames, slippers, bags and accessories to sell. She would like to sell more items to improve her business and to be able to save for future expenses.
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.