Due to a lack of job opportunities, Imelda buys and sells footwear in a market to generate additional income. She is now 40 years old and has three school-age children. She plans to continue sending her children to school so that they will gain degrees and become professionals someday. She also plans to acquire more footwear to sell but she does not have enough capital. Thus, she wants to ask for a loan of P15,000 to buy additional stock of slippers and shoes. She is hoping that she will improve her business and make it a viable source of income in the future.
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.