Nimfa is 40 years old, married, and has three school-aged children. Due to a lack of job opportunities, she engages in buying and selling footwear in the Public Market. She aims to improve the business, to increase her income and to help her husband in financing the education of their children. Nimfa and her husband want the children to earn degrees, so that they will find good jobs someday.
For this reason, Nimfa plans to increase her product offerings to satisfy her customers' demands. In this regard, she is asking for additional capital of PHP 25,000 to buy more stocks of sandals, slippers, and shoes to sell. Nimfa mentioned that this loan will help her to improve the business and she hopes that, someday, she will become financially stable.
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.