Esmeralda is 30 years old, married and blessed with three children. Direct selling is the primary source of income for Esmeralda. She has a stall. She has been in her business for four years and usually receives a net income of PHP 8,000 a month.
At this time, Esmeralda is asking for a loan in the amount of PHP 50,000 to buy bags, cell phone cases, paper bags, wrappers and pillows to sell. She hopes that she can obtain her desired loan to improve her business and receive a higher income.
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.