Reynalyn’s business provides her family’s daily expenditures. She has been in this beauty parlor since 2010 and she wishes to expand her business. She would able to do this if she has stable funds to use.
To make it possible, she is asking for a loan of PHP 10,000 to buy new scissors, a blower, and different hair medication. She hopes that her wish to diversify her parlor will be soon achieved.
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.