Lilibeth is 31 years old and has one child. She is married to Noel, a tricycle operator near their place of residence. To add to her spouse's income, she is selling personal products. Her most likely customers are her neighbors, friends and relatives. With her income of P6,000 monthly, she is able to pay the electric bills and cover the daily allowance of her child who is in elementary school.
Lilibeth would like to expand her business and sell more products to increase her earnings so she is asking for additional capital of P25,000 to buy colognes, shampoo, deodorant, lotions, and makeup to sell.
Lilibeth would like to keep earning funds for the college education of her child to have a brighter future someday. She also hopes that their businesses will become more profitable.
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.