Liza is 27 years old, the mother of one child. She sells dry goods, such as flashlights, lighters and light bulbs. This is the only source of income she has, so she needs to take great care to earn her income. Now that the Christmas season is approaching, the business requires additional capital to buy the products her customers want but, due to financial constraints, Liza is asking for a loan in the amount of amount 25,000 PHP to buy plastic wares, toys and kitchen materials for her business. In this way, she may be able to increase her income, provide her child with a good life, and save for future education costs.
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.