Thelma is requesting a loan of 5,000 PHP to pay for advance purchases for her AVON direct selling business, allowing her to increase her credit line with AVON. She will also use the loan to pay for the monthly installment of her acquired motorcycle for transportation.
Thelma and her husband also work daily at an eatery beside Cauayan Medical Specialist Hospital, where they are paid a total of 6,000 PHP each month combined. The earnings from their salaries went to savings for the building of their simple house.
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.