Catherine is 42 years old and has a retail shop where she sells a variety of products. She has had this business for four years. Each month, she earns about PHP 5,000 doing this type of work.
She is married and has three school-age children.
Catherine is requesting a loan of PHP 20,000 to purchase canned goods, soft drinks, and other basic commodities to sell. In the future, Catherine hopes that her business will improve to support the needs of her family.
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.