Maria Lourdes is 35 years old and still single. She aimed to become successful and financially stable in order to support her parents and her younger brothers and sisters. Due to lack of job opportunities, she has engaged in selling coffins and providing funeral services in the local community. She has been operating the business for almost 15 years.
She aims to make more coffins to sell, but she does not have enough capital to acquire the needed materials. For this reason, she is asking for a loan of of PHP 50,000 to cover labor costs and buy wood, paints, labor and other materials needed in making coffins to sell. Through this loan, she believes that she will improve the business and make it more profitable.
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.