Lalaine is a mother who has a strong faith and is determined to become successful in the future. She is 49 years old and widowed. Despite this hardship, she aims to improve her variety store and her hog-raising business to generate sufficient income and support the education of her three children. Two of her children are far enough along in school to need more financial support for their school fees and allowances. For this reason, Lalaine hopes to improve and strengthen her business. By generating a higher income to support the education of her children she hopes to enable them to earn degrees and become professionals someday.
To improve the business, Lalaine is asking for a loan of 15,000 PHP to buy soft drinks, canned goods, noodles, snack foods, biscuits, candies, laundry soaps, beverages, and seasonings to sell. She believes that her patience and strong determination will allow her to achieve her dreams 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.