Regardless of her difficulties, Trinidad aims to become financially stable in the future. She is 52 years old and who engages in selling AVON, MSE, and NATASHA products. She also runs a general store in the community and has been operating the business for almost three years. With these businesses, she usually earns a profit of PHP8, 000 a month, which she utilizes for their basic necessities, such as food. She wants to increase her product offerings to satisfy her customers' demands. But due to inadequate capital, she is asking for a loan of PHP15, 000 to order the requested products for her customers from AVON, MSE, and NATASHA. She will also use the loan to buy soft drinks, canned goods, noodles and soaps for resale. Through hard work, she believes that she will be able to improve her businesses and make them more advantageous and 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.