Beatriz is from the village of Cabisera 15. She is 54 years old and is married with three adult children. Beatriz owns and operates a general store, selling a variety of different products in the local community. She has been engaged in her business for over 15 years and earns approximately 5,000 PHP (Philippines pesos) a month.
Beatriz is requesting a new loan of 25,000 PHP, which will be used to purchase additional products to sell. This loan will be her sixth from ASKI. She plans to use the additional revenue generated from the business to improve and expand her business.
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.