Zairah's business involvement is with a mobile phone and cellphone accessories business. She has run this kind of business for two years. According to Zairah, her first business location was inside the public market of Santiago, but because of an unexpected fire that destroyed almost all of the businesses there, she decided to look for another business location.
Because of this situation she encountered, she decided to borrow additional capital amounting to PHP10,000. She will be using this loan to buy some cellphone units, cellphone accessories such as casings and headsets, as well as DVD players and CD players for additional products to offer within her new business location.
Zairah hopes that through this loan she can further recover all her big losses and enable her to improve her sales and profit.
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.