Elizabeth is 38 years old and has three school-age children. She and her husband aim to improve their status of living, to educate their children, and to give them a bright future. In this regard, Elizabeth engages in selling AVON, Natasha and MSE products in their community. She has been in this business for almost two years and usually earns a profit of 6,000 PHP per month. This is used for their daily expenses and school allowances. Due to the high cost of school fees and commodities she needs to increase her income. Elizabeth is asking for the additional capital of 15,000 (PHP) to improve her business. She intended to use the loan to buy additional stock to sell (AVON, Natasha, MSE). She is hoping that someday she will make her business viable and a profitable source of income.
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.