Ronalyn is requesting a loan of PHP 5,000 as added capital in her AVON cosmetics-selling business to increase her sales. She will buy AVON products such as lipstick, lotion, fragrances and apparel. She also will use some of the amount as start-up capital in her food, snack-selling business.
Ronalyn was engaged early and was just married. She is 18 years old and she is doing an AVON and NATASHA dealership to have income. Her husband, on the other hand, serves as an on-call truck driver at PHP 350 per day.
In the future, Ronalyn hopes to establish a sustainable business for the future of her family.
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.