Loreta is 44 years old and a hard-working mother who sells dry goods in the local community. She aims to improve the family's status of living, especially educating her child to give him a bright future.
To achieve her goals, Loreta plans to increase her product offerings so she can better satisfy her customers' demand. She has been operating the business for more than 10 years and usually earns a profits of 8,000 PHP per month, which support the family's daily needs and her child's school fees.
Since she has inadequate capital to increase product offerings, Loreta is asking for an additional 25,000 PHP to buy more dry goods like shorts, pants, blouses, t-shirts, underwear, and shoes. Through this financial assistance, she is hoping that she will become successful and financially stable 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.