Lolita is 52 years old and married. She has five children and lives with them and her husband in Isabela. Lolita and her husband earn money by running a grocery store from the door of their house. They started this business nine years ago. Lolita requires a loan to expand her business by purchasing many kinds of products, such as toothpaste, shampoo, spices, bread, and personal sanitary items to stock her store. She hopes that this will enable her to attract more customers and increase the turnover of her business. She also hopes that this will enable her family to increase their income and improve their living conditions.
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.