Analiza is a responsible and industrious woman. She is 41 years of age, married, and has five children. Three of her children are laborers, one is studying, and the youngest is a special child. Analiza's husband is a farmer. The couple both work hard to earn a living.
Analiza has owned a retail store for four years and two months. Aside from selling merchandise, she also sell vegetables and viands within her local community. She wants to keep her business progressing and that is why she is asking for another loan in the amount of PHP 18,000. She will use it to buy merchandise such as assorted vegetables, cooking oil, three cases of soft drinks, vinegar and junk foods for her retail store. By offering a larger variety of merchandise, she can provide her costumers with satisfaction and earn a larger 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.