Lolita works every day in her business of buying and selling fish. This enables her to support her household expenses and the cost of her children's schooling. She believes that she is doing well in her business because she is very friendly to her customers and because she offers good-quality products at affordable prices.
Lolita is requesting a loan of PHP 10,000 to buy a second-hand freezer and more fish to resell. This will enable her to keep her products in good quality. This, in turn, will enable her to improve her income as she continues working.
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.