Shirley is 24 years old, married and has an infant. She earns an income through her small business of phone sales. She sells mobile phones, accessories and chains. She earns about 5,000 PHP monthly. Shirley's spouse manages an "ukay-ukay" business (used-clothing sales), and together they earn an income for the family.
Shirley is now asking for a loan of 15,000 PHP to buy more phone accessories, keychains, DVDs and CDs to sell in her stall. It will help increase her sales capacity and income as well.
With good funds and profits, she will attain a succesful business for the betterment of their living conditions someday.
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.