Juliet is 49 years of age and has four children. All her children have finished their education through the profit gained from her direct selling business.
Juliet runs and has operated her direct selling business for three years. With her patience and hard work, she is able to sustain their basic commodities in life. Aside from direct selling, she has also involved herself in a hog raising business.
Juliet would like to add more products such as shoes, cosmetics, and clothing to her stall, but her income is not enough due to her expenses in her hog raising business. So, she is applying for a loan amounting to PHP 50,000. She hopes to obtain this amount of loan.
She believes that through this requested loan, she will be able to provide good quality service to her customers and be able to encourage more customers to buy her products. In this way, she could gain more income to sustain her family’s daily needs and save some for emergency purposes when she got weak.
In the future, she hopes to expand her business through putting up another branch near her village.
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.