Sairah operates a cell phone accessories stall. She has been involved in this kind of business since 2001. Sairah is married and blessed with five children. Three of her children are studying and two are still infants.
Sairah would like to ask for financial assistance because her household expenses are continually increasing due to the needs of her growing children. According to her, the stall she operates is not her own. Instead, it is rented. So now, she is facing a financial shortage. Therefore, Sairah is encouraged to borrow additional capital. She is asking for a loan of PHP 20,000. The loan will be used to buy stock of cell phone accessories, DVD players and speakers to sell in her stall.
Sairah hopes that her success depends on the wise management of her cell phone accessories business, which will enable her to pay her obligation in school and some of their household expenditures.
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.