Lilibeth has been patiently managing her variety store. She is 38 years old and married to Emerson. She has been involved in her business for seven years. She and her husband have been blessed with three children. The eldest is in college, the second is in the elementary level and the youngest is still in the infant stage.
Lilibeth has successfully paid back her previous loan in the amount of PHP 10,000. It was used to purchase merchandise. She is really grateful because through her previous loan, she was able to improve her variety store.
Lilibeth would like to access a bigger loan amount of PHP 15,000, which would allow her to buy more groceries for her store. She hopes to obtain the requested loan amount in order to gain more profit to sustain her family needs, most especially her children's education. She believes that her hard work and patience will help her business grow.
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.