Lilia is 55 years old, married and has three grown-up children. She has been engaged in selling footwear in the market to generate income. She aims to improve and strengthen the business to make it more viable and profitable. She has been in the business for almost four years and usually earns a profit of 8,000.00 PHP a month that she utilizes for her family's daily consumption and allowances for her children in school. To improve the business, she is asking for additional capital of 50,000.00 PHP to buy additional stocks of footwear like shoes, sandals and slippers to sell. Through her patience and hard work, she believes that she will further improve the business through this financial assistance.
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.