Sheryl is 24 years old and is married to Reden, a father who helps her to meet their needs. Sheryl is engaged in a direct-selling business. She has been doing this for two years and earns about 1,500 PHP a month. Sheryl wants to have more products to sell. For this reason, Sheryl is asking for a loan in the amount of 10,000 PHP to buy shampoo, powder and soap to sell in the local community. She believes that through her loan, she will be able to obtain the products that she wants to sell.
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.