Gloria is a hard-working mother who owns and manages a small beauty salon inside a public market. She is 61 years old and has three grown children. She aims to earn and save more money to satisfy their necessities, save for their future, and support the schooling of her grandchildren.
In this regard, she planned to continue and improve her business to generate a higher income. Because of inadequate capital, she is asking for a loan of PHP 35,000 to buy scissors and cosmetics needed in her beauty salon. Through this loan, she believes that she can provide a better service to all her customers.
She is hoping that someday, she will make the business grow and become more profitable.
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.