Lita is a responsible housewife who supports her husband in generating income for the sake of their family. She is 52 years old and has five grown-up children. Two of them are still studying and they want them to earn a degree so that they will be employed someday. Despite financial difficulty, they have the strong determination to upgrade their standard of living to give their children a better life. In this regard, they put-up a small repair shop in their village to generate additional income. She and her husband aim to improve this business and make it viable source of income. To improve the business, Lita is asking for additional capital of PHP 27,000.00 to buy materials needed in the repair shop to provide better service. Through this loan, she believes that they can make an improvement in the business and make it more profitable in the future.
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.