Janet is 35 years old and is married to Emeterio, a father who works hard for his family. Janet is busy managing their business, in which she has been selling butane and propane gas (LPG) for almost eleven years. She usually nets PHP 300 per tank. Right now, Janet needs additional capital. Therefore, she is asking for a loan of PHP 50,000 to buy more LPG to sell. Janet hopes that she can obtain this loan so she can develop 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.