Veronica is 30 years old, married, and has two school-aged children. After accomplishing her Bachelors Degree, she decided to engage in business to generate income. With a small amount of capital, she buys some dry goods and footwear that she sells in the local community. She has been in this business for almost three years and usually earns a profit of only PHP 6,000 a month, that she utilizes for their daily necessities. Due to the hardships of living, she aims to improve the business to supplement her husband's income and to save for the future of their children. To improve the business, she is asking for additional capital of PHP 35,000 to buy more dry goods like jackets, pants, T-shirts, shorts, underwear, shoes and slippers to sell. Through patience and hard work, she believes that she will improve the business and make it more viable and profitable in the future.
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.