Lynn is a college graduate. She is married and has one child. She has been engaged in a direct selling business for one year and earns about 5,000 PHP per month. She uses her profits for their daily necessities and other obligations. Aside from the direct selling business, she also engaged herself in the vending of street foods as her additional source of income.
Lynn plans to buy silver accessories and stock cosmetic products for her direct selling business, but she struggles due to a shortage of capital. In this regard, she is requesting a loan of 10,000 PHP. She hopes to obtain this loan amount to keep her direct selling business more profitable and productive.
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.