Carmelita is a determined individual, who aims to become successful someday. She is 41 years old and has one child. She earns a living by selling dry goods, accessories and school supplies. She has been in this business for over 15 years and is happy to say that she earns about PHP 10,000 monthly. This is with the help of a man beside her, her husband. Through their patience and hard work, they have been able to support their needs.
She is applying for a loan for PHP 50,000 to buy additional dry goods to sell such as plastic ware, school supplies and accessories. She believes that this loan will help her increase her profits, expand her business and provide for the needs of her family.
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.