Elizabeth is 52 years old and has a business position in the market. She sells clothes, gift items and textiles. She started this business 10 years ago. This is a great help in sending her children to school. Her business is somewhat tiring but she is patiently working for the improvement of their living situation. She enjoys her work at the same time because she really likes to greet and chat with her loyal customers.
She wants to provide her target market with a greater variety of products so Elizabeth is requesting a loan of 20,000 pesos to buy clothes such as shirts, skirts, pants and glassware as additional products to offer. She hopes that through her loan and experience from her day-to-day work, she can earn a better income.
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.