Lanimer, 35 years old, is a single mother blessed with three children. They are currently residing in the village of Nappaccu Grande. She has been selling generic and branded medicines in their village for almost 15 years and she's earning a net income of PHP 10,000 every month. She wanted to avail a loan of PHP 15,000 to purchase boxes of generic and branded medicines to sell not only in their village but in different places as well. Her net income is usually spent on their daily expenditures and on allowances for her children. She's hoping that this loan will be granted immediately to improve her business.
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.