Siti Aisha is 33 years-old and married with two school-aged children. Due to a lack of other job opportunities, she sells AVON, Natasha and MSE products to generate income. She aims to improve and strengthen this business in order to earn a higher income for their daily consumption and allowances of her children in school. She planned to acquire more stock of the said products to sell but she did not have enough capital. Therefore, she is asking for a loan of P10,000.00 in order to buy additional stock. She is hoping that she will improve the business and make it profitable in the future.
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.