Lolita is 57 years old, and is married to Tony. The couple is thankful, because they have been blessed with three children. To earn a living, Lolita is engaged in a sari-sari store business. She has been doing this for five years and earns about PHP 300 a day.
Lolita wants to restock her sari-sari store, but she lack the necessary capital. For this reason, Lolita is asking for a loan of an amount of PHP 15,000 to buy canned goods, noodles, assorted bread, biscuits and condiments to sell. Lolita hopes that she can get the amount she requested to further develop her business.
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.