Lourdes is 61 years old, married, and thankful for her eight children. Her family is her motivational guide, and she works hard to give them a better quality of life by doing something that brings additional income. She has had a retail store based in their home for five years. Since the daily net profit (500 PHP) is just enough to cover the cost of the family's daily meals, she is thankful to have another source of income. She also has transport motorcycle, managed by her husband, for three years. To improve her income in the store, Lourdes is requesting a loan of 10,000 PHP to purchase additional groceries and to maintain her transport motorcycle (sprocket, gasoline, etc). Lourdes says the loan will be very helpful in the success of her businesses.
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.