Lilia is a 35-year-old married woman. She and her husband have three school-age children. As a mother, Lilia never loses hope in trying to achieve success and to meet her children's needs. She knows that she needs to be strong and patient in dealing with her responsibilities. She wants to provide for her family, and especially her children, because their future depends on them as parents.
To earn a living, Lilia operates her own variety store located just in front of their house. She is requesting a loan in the amount of 11,000 PHP to maintain and further improve her retail business. Specifically, she wants to buy more stocks of products for her store, including spices, snack foods, and beverages. Her income from the business is being used to sustain the daily needs of her children and she hopes that, with the help of the loan, they will all benefit.
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.