Visitacion is earning an income by reselling products from AVON and NATASHA in the village. In this way, she can contribute financially to her home where she lives with her husband and four children. Even though the business started with very little capital, she patiently does this activity to help her family. She plans to purchase more products to offer but she doesn't have enough capital. For this reason, she is requesting a loan of PHP 8,000 to buy lipstick, face powder, shoes and perfumes. With this variety of products, she knows that she will increase her sales. Her dream is to be able to make this business successful and to improve her family’s quality of life.
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.