Tita is 45 years old and married with five children, one of whom still attends school. She works selling personal products such as cosmetics, soap, detergent bars, and perfumes to people in her village. Tita earns approximately 4,000 PHP each month that she uses for meals, allowances for her child, and for household bills. She manages her income well and her goal is to increase it.
Tita is requesting a 15,000 PHP loan to buy cologne, perfumes, beauty soap, and lotions to sell. She will use her loan to increase her sales capacity and extend her friendly services and affordable products to her customers. In the future, she hopes her business will grow and make her financially stable.
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.