Lolita is a little entrepreneur who sells fruits and meat to the people in her village. She is 54 years old and has four children whom she lives with.
She would like to keep her income increasing. For this, she is asking for a loan of 12,000 PHP to buy meat, bananas, and vegetables such as eggplant and squash to sell.
Someday, with good earnings, she will build up a larger stall to comfortably sell from, as well as meet a contented life.
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.